WEKA Raises $73 Million in Funding  

by Kay Aloha Villamor January 5th, 2022

WEKA, a Campbell, California-based data platform for AI, announced that raised $73 million in funding led by Hitachi Ventures, which brings the total amount raised to $140 million. 

Other investors participating in this round were strategic investors, including Hewlett Packard Enterprise, NVIDIA, Micron, and Cisco, and financial investors including MoreTech Ventures, Ibex Investors, and Key 1 Capital. 

The company will use the funds to accelerate go-to-market activities, operations, and engineering.

Company: WekaIO, Inc.

Raised: $73.0M

Round: unknown

Funding Month: January 2022

Lead Investors: Hitachi Ventures

Additional Investors: Hewlett Packard Enterprise, NVIDIA, Micron, and Cisco, MoreTech Ventures, Ibex Investors, and Key 1 Capital 

Company Website: https://www.weka.io/

Software Category: AI Data Platform

About the Company: WekaIO™ (WEKA), the leading data platform for achieving first-to-market results in artificial intelligence/machine learning (AI/ML), life sciences research, and high-performance computing (HPC) is used by eight of the Fortune 50 enterprise organizations to uniquely solve the newest, biggest problems holding back innovation and discovery. WEKA solutions are purpose-built to future-ready the accelerated and agile data center. Optimized for NVMe-flash and the hybrid cloud, its advanced architecture handles the most demanding storage challenges in the most data-intensive technical computing environments, delivering truly epic performance at any scale, enabling organizations to maximize the full value of their data center investments. WEKA helps the enterprise solve big IT infrastructure problems to accelerate business outcomes and speed productivity.

Source: https://www.businesswire.com/news/home/20220104005382/en/WEKA-Increases-Funding-to-140-Million-to-Accelerate-AI-Data-Platform-Adoption-in-the-Enterprise

 


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