DataRobot, a Boston-based machine learning startup that raised more than $120 million in funding to date, announced on Tuesday it has acquired Nexosis, an automated machine learning software company based in Columbus, Ohio.
Terms of the acquisition will not be disclosed.
The deal marks the second acquisition for DataRobot. In May 2017, the company acquired Boston-based Nutonian, a data science software company specializing in time series analytical modeling. At that time, DataRobot CEO and Co-Founder Jeremy Achin said that the company is pursuing an IPO as a final goal.
As part of the announcement, all of Nexosis’ employees will become part of DataRobot, effective immediately. Also, DataRobot will be making an investment in Columbus as a strategic location to expand research and development.
Nexosis raised a total of $7 million in venture funding after launching in 2015. DataRobot's latest round of funding dates back to 2017, when the company raised a $54 million Series C round from New Enterprise Associates.
“Other companies in the data ecosystem looking to try to copy DataRobot should seriously think about firing their corporate development people for missing an opportunity like this," Achin said in a statement regarding Nexosis' technology and talent.
DataRobot has offices across the U.S., U.K., France, Brazil, Japan, Singapore and Australia.
