Reuters: AI Startup Dataiku Taps Banks for Potential 2026 U.S. IPO

AI data analytics firm Dataiku has engaged Morgan Stanley and Citigroup, among other investment banks, to prepare for a potential U.S. initial public offering (IPO), according to a Reuters report. Sources familiar with the matter, who requested anonymity due to the confidential nature of the information, indicated that Dataiku has initiated preparations with a target IPO launch in the first half of 2026. Founded in 2013 and headquartered in New York, Dataiku provides a comprehensive platform for developing, testing, and deploying artificial intelligence and analytics applications. The company reports serving over 700 organizations globally, including prominent names such as Johnson & Johnson, Toyota, General Electric, and BNP Paribas. In December 2022, Dataiku completed a $200 million Series F funding round led by Wellington Management, valuing the company at $3.7 billion. The company subsequently announced in January that it had exceeded $300 million in annualized recurring revenue. Representatives from Dataiku and Morgan Stanley declined to comment on the IPO plans, while Citigroup did not respond to requests for comment. Dataiku's potential IPO coincides with a resurgence in the IPO market. Dealogic reported that the third quarter of the year saw 97 companies raise over $24 billion, marking the most active quarter since the end of 2021. This activity was partially fueled by technology companies in the software, cybersecurity, and financial technology sectors, driven by growing investor confidence in the potential of artificial intelligence.