Dataiku, a New York-based artificial intelligence data analytics startup, has hired investment banks Morgan Stanley, Citigroup, and others to take it public through an initial public offering (IPO). According to people familiar with the matter, the company held a meeting to kick off preparations for the IPO, which could happen as early as the first half of 2026. However, deliberations are ongoing, and details such as timing could change.
Dataiku was valued at $3.7 billion in a late-stage series F round led by Wellington Management in December 2022. The company sells tools to build, test, and deploy AI and analytics applications, with a customer base of over 700 organizations, including Johnson & Johnson, Toyota, General Electric, and BNP Paribas. In January, the startup surpassed $300 million in annualized recurring revenue.
The IPO market has seen significant activity, with 97 companies going public in the third quarter, raising over $24 billion. Technology firms, including software, cybersecurity, and financial technology companies like Klarna and Figma, have driven the rebound, tapping into investor optimism in AI. Representatives for Dataiku and Morgan Stanley declined to comment, while a Citigroup representative did not respond to requests for comment.
