Artificial intelligence and data analytics startup Dataiku has selected a group of major investment banks, including Morgan Stanley and Citigroup, to lead its long-anticipated initial public offering (IPO) in the United States, according to sources familiar with the matter.
The New York-based company held an internal meeting on Wednesday to officially kick off IPO preparations, with a potential listing targeted for the first half of 2026, the sources said. However, they noted that timing and deal size remain under discussion and could shift depending on market conditions.
Dataiku, founded in 2013, develops software platforms that help enterprises build, test, and deploy AI-driven analytics applications. The company’s tools are used by more than 700 organizations worldwide, including major corporations such as Johnson & Johnson, Toyota, General Electric, and BNP Paribas.
In January 2025, Dataiku said it had surpassed $300 million in annualized recurring revenue (ARR) — a key milestone signaling strong customer retention and subscription growth.
The company was last valued at $3.7 billion following a $200 million Series F funding round in December 2022, led by Wellington Management with participation from existing backers.
An IPO would mark a major step for Dataiku, placing it among a growing wave of AI and software firms looking to capitalize on investor enthusiasm for artificial intelligence. According to Dealogic, 97 companies went public in the third quarter of this year, raising over $24 billion, marking the busiest period for listings since late 2021.
AI-related firms such as Klarna, Figma, and Anthropic have driven renewed momentum in technology listings as markets recover from a two-year IPO drought.
Representatives for Dataiku and Morgan Stanley declined to comment, while Citigroup did not respond to requests for comment.
Analysts say a successful Dataiku listing could further validate investor appetite for AI infrastructure and enterprise analytics companies, which form a critical layer beneath high-profile players like OpenAI and Nvidia.
“Dataiku sits in a sweet spot between enterprise analytics and applied AI,” said one venture capital analyst. “A well-timed IPO could position it as one of the most important public players in AI software beyond model developers.”
If market conditions remain favorable, Dataiku’s IPO could become one of the largest AI software listings of 2026, solidifying its role as a major competitor in the fast-growing enterprise data intelligence market.