Acquisition Bolsters Industry’s Leading Automated Machine Learning Platform with Highly-Coveted Time Series Modeling Capabilities
DataRobot, the leader in automated machine learning, announced it has acquired Nutonian, Inc., a data science software company specializing in time series analytical modeling. The terms of the acquisition were not disclosed, and the deal is officially closed.
Developed in Cornell’s Artificial Intelligence Lab by two of the “World’s Most Powerful Data Scientists,” Nutonian’s A.I.-powered modeling engine, Eureqa, powers predictive and prescriptive analytics at global companies, including Audi, Beck’s Hybrids, NASA, and RealPage. Eureqa is renowned for its success in time series analytics and for creating easy-to-interpret predictive models in minutes rather than weeks or months.
The addition of the Nutonian team and technology helps DataRobot accelerate its mission to bring machine learning to the masses by bolstering its capabilities across different types of modeling problems, particularly those involving time series data.
“The acquisition of Nutonian further separates us from our competitors and brings us closer to achieving our mission: to IPO,” said Jeremy Achin, CEO and Co-Founder of DataRobot. “The addition of Nutonian’s experienced people and patented technology is highly strategic for us during a time of rapid growth. Time series forecasting remains one of the most time intensive, yet valuable aspects of predictive modeling. Today, DataRobot is the biggest and most viable AI-focused company in the market with the fastest and easiest way to develop and deploy time series models to make the most accurate predictions possible.”
Over the last five years, DataRobot has built the world’s most sophisticated automated machine learning platform with customers across the globe and offices in the US, UK, France, Japan, and Singapore. In March 2017, DataRobot secured $54 million in venture funding, bringing the total raised to more than $120 million to date.
“This move is further evidence of Jeremy’s mission to ensure DataRobot is the only data science company in the world that matters,” stated Chris Lynch, Chairman of both DataRobot and Nutonian. “The addition of Nutonian’s world-class team instantly solidifies DataRobot’s industry leadership. And both companies’ customers will be ecstatic about the increased capabilities that are now available to them.”