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AI Analytics Firm Dataiku Taps Banks for 2026 U.S. IPO Plans

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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.

Glean Reaches $7.2 Billion Valuation Amid AI Investment Surge

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AI search startup Glean announced on Tuesday that it has reached a valuation of $7.2 billion following its latest funding round — the company’s third capital raise in under two years. This represents a valuation increase of nearly 57% since its previous round in September, where its value had already more than doubled in just over six months, highlighting continued strong investor demand for AI-driven companies.

The Palo Alto-based enterprise AI firm secured $150 million in this latest round, led by asset management firm Wellington Management. As public markets remain uncertain, many startups like Glean are choosing to remain private longer, raising significant late-stage funding. According to Michael Ashley Schulman, partner at Running Point Capital Advisors, “Founders avoid the volatility of public markets and employees receive secondary-market liquidity via structured rounds.”

Founded in 2019 by former Google search engineers, Glean has surpassed $100 million in annual recurring revenue in its last fiscal year. The company develops AI-powered search tools and large language models that provide businesses with personalized query responses, aiming to optimize enterprise productivity and internal information management.

Glean’s 72x valuation multiple on revenue is considered aggressive, but Schulman noted that investors are receiving “early access to a franchise,” particularly given that the company is currently cash-flow positive.

Earlier this year, Glean introduced its Glean Agents platform, which enables businesses to automate various operations through AI. The company expects the platform to facilitate 1 billion agent actions by the end of 2025. Industry leaders have pointed to AI-based agents as one of the most transformative applications of artificial intelligence. Microsoft CEO Satya Nadella has also highlighted how AI agents could disrupt the long-dominant software-as-a-service (SaaS) business model.

The AI sector continues to attract robust global investment as enterprises and governments pursue artificial intelligence for diverse use cases such as drug discovery, infrastructure management, and productivity enhancement.