The new COO of DataRobot led AppDynamics' 'almost IPO' which never happened because of a last-minute Cisco acquisition
This story requires our BI Prime membership. To read the full article,DataRobot just named Dan Wright as the enterprise AI startup's new chief operations officer. Wright was also COO at another startup, AppDynamics, where he led what he calls an "almost IPO" in 2017.
"I really do think that this is going to be the next big trend, you know, software sort of is eating the world, and now it's AI is going to eat software," Wright said. Wright, who had been with AppDyamics since 2013, said he decided to join DataRobot because its product is "incredibly impressive and very differentiated versus the competition," he told Business Insider. DataRobot did not disclose its valuation although there's speculation that it is a unicorn, or, a startup valued at more than $1 billion. The company said it has more than 1,200 employees and supports AI projects in more than 35 countries.
in 2017. But Cisco swooped in the day before the offering was set to happen and plunked down $3.7 billion to acquire the company. The IPO was no more."It was definitely a shock, but it was still a good feeling," he continued. "It was a big change, but I think a positive one. … I felt good about it, because ultimately it comes down to, you know, what does it mean to everybody who put blood sweat and tears into the company and to customers.
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