DataRobot: Acquiring Paxata

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

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