AP NEWS

DataRobot Acquires Automated Machine Learning Startup Nexosis

July 10, 2018

BOSTON--(BUSINESS WIRE)--Jul 10, 2018--DataRobot announced today it has acquired Nexosis, an automated machine learning software company based in Columbus, Ohio. Terms of the acquisition remain confidential.

Like DataRobot, Nexosis has been committed to delivering solutions that put machine learning in the hands of more users to help improve business operations and impact bottom line growth.

“When we first spoke with Nexosis CEO Ryan Sevey, we were very impressed with what they had accomplished and how well their vision aligned with ours. We jumped at the opportunity to have them join us and keep their technology -- and their talent -- out of the market before the many aspirational DataRobot competitors could try to acquire them,” said Jeremy Achin, CEO and Co-Founder, DataRobot. “Other companies in the data ecosystem looking to try to copy DataRobot should seriously think about firing their corporate development people for missing an opportunity like this.”

With this acquisition, DataRobot is continuing to execute on its vision of delivering an enterprise-grade platform that automates AI development for a vast majority of practical applications. The backlog of data science work is far too vast for the tiny number of data scientists out there, and DataRobot enables business analysts, software engineers, and data engineers to build machine learning models and AI applications. At the same time, it can increase the productivity of a data science team by an order of magnitude. Perhaps the most powerful thing about DataRobot is that it brings people with different skill sets and roles together to work on a single platform.

While the Nexosis and DataRobot visions are perfectly aligned, the strengths of the two companies are very complimentary. The strengths of the Nexosis team and technology will level-up DataRobot’s capabilities in specific and strategically important areas that will enable the company to attack the market from new angles, put DataRobot in the hands of more users, and make its current customers even more successful.

This marks the second acquisition of bleeding edge machine learning technology following the acquisition of Boston-based Nutonian, a data science software company specializing in time series analytical modeling.

“Just as the Nutonian acquisition allowed us to corner the time series market, the Nexosis acquisition is equally strategic. For now, we are keeping the details under wraps, but we are excited to make some big announcements directly related to this acquisition soon,” added Achin.

All of Nexosis’ employees will become part of DataRobot, effective immediately. DataRobot, which has raised more than $120 million in funding to date, has customers across the globe and offices across the US, UK, France, Brazil, Japan, Singapore, and Australia. Nexosis is based in Columbus, Ohio. As part of the acquisition, DataRobot will be making an investment in Columbus as a strategic location to expand research and development.

About DataRobot DataRobot offers an enterprise machine learning platform that empowers users of all skill levels to develop and deploy machine learning and AI faster. Incorporating a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform automates, trains, and evaluates models in parallel, delivering AI applications at scale. DataRobot provides the fastest path to AI success for organizations of all sizes. For more information, visit datarobot.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005144/en/

CONTACT: fama PR

Chrissy Azevedo, 617-986-5037

datarobot@famapr.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS OHIO

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE OTHER TECHNOLOGY

SOURCE: DataRobot

Copyright Business Wire 2018.

PUB: 07/10/2018 09:00 AM/DISC: 07/10/2018 09:01 AM

http://www.businesswire.com/news/home/20180710005144/en

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