Exclusive-AI data analytics startup Dataiku picked banks for US IPO, sources say

Company Overview - Dataiku is an artificial intelligence data analytics startup founded in 2013, providing tools for building, testing, and deploying AI and analytics applications [4] - The company has a customer base of over 700 organizations, including notable clients such as Johnson & Johnson, Toyota, General Electric, and BNP Paribas [4] IPO Plans - Dataiku has engaged investment banks, including Morgan Stanley and Citigroup, to facilitate its initial public offering (IPO), which may occur as early as the first half of 2026 [1][2] - Preparations for the IPO were initiated during a meeting held on Wednesday [1] Financial Performance - In December 2022, Dataiku raised $200 million in a late-stage series F funding round led by Wellington Management, which valued the company at $3.7 billion [3] - The startup reported surpassing $300 million in annualized recurring revenue as of January [4] Market Context - The third quarter saw 97 companies go public, raising over $24 billion, marking the busiest period since the final quarter of 2021 [2] - Technology firms, particularly in software, cybersecurity, and financial technology, have leveraged investor optimism in AI to drive market recovery [3]