“For us, it’s not, ‘How do you build the best possible X or Y for a given use case?’” he adds. A decade back in 2011, it had closed fund VI at 1.3 billion. So far, Tiger Global has raised eight funds at a total of 23.4 billion for its PE business over the last decade, per Crunchbase data. “We don't have to go and acquire other companies to complement parts of the product that are missing,” says chief customer officer Kurt Muehmel. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast, and has 20 billion of assets under management. And the firm is already raising a new 10 billion fund, Axios reported last month, citing sources familiar with the matter. The fresh capital-which came with additional participation from past investors CapitalG, Battery Ventures, Dawn Capital, FirstMark Capital and Iconiq Capital-will go towards the continued growth of the company and its offerings, though the company leadership says it is already feeling validated by the original strategy to target a wide range of geographies and use cases. The startup has added more than 100 employees and “dozens” of new clients this year, including oil services company Schlumberger. The financial effects of struggling transportation and manufacturing customers have been more than offset by companies in other sectors that are accelerating their digital transformation timelines. Dataiku, however, says its diversification has been crucial to its positive trajectory during the Covid-19 pandemic.
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