AI startup's CEO resigns in wake of stock sales

DataRobot CEO Dan Wright resigned on Wednesday in the wake of reports that top executives at the AI vendor, including Wright, cashed out stocks that longtime employees could not sell. Wright will be replaced by interim CEO Debanjan Saha, currently president and COO, the company said in a press release. The company said it has started a search for a permanent successor to Wright, who started at DataRobot in 2020 as president and COO and was appointed CEO in March 2021. Saha, a former VP and GM of data analytics at Google, joined DataRobot in February. Taylor co-founded deep learning vendor, which was bought by DataRobot in 2020 as part of a string of acquisitions DataRobot used to build itself into one of the biggest independent AI, machine learning and software automation vendors. Turmoil has intensified at the AI startup that grew to challenge the dominance of the tech giants. He and other top DataRobot executives came from application performance management vendor App Dynamics after the departure of co-founder Jeremy Achin. Wright's resignation came a few days after DataRobot's chief AI evangelist, Ben Taylor, resigned in protest, punctuating a season of bad news for the Boston-based AI vendor. (TechTarget). Continue reading.

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