DataRobot: Acquiring Paxata
- The companies did not reveal the purchase price
- Paxata raised a total of $90 million before today’s acquisition, according to the company
- DataRobot has concentrated mostly on the machine learning and data science aspect of the workflow building and testing the model
- DataRobot is based in Boston, while Paxata is in Redwood City, Calif
- While the two companies are working together to integrate Paxata more fully into the DataRobot platform
- The companies also plan to let Paxata continue to exist as a standalone product
