WEKA, a Campbell, CA-based data platform for AI, has raised $73 million in funding, bringing its total raised to $140 million. 

Investors 

The round was led by Hitachi Ventures, with participation from Hewlett Packard Enterprise, NVIDIA, Micron, and Digital Alpha, along with financial investors like MoreTech Ventures, Ibex Investors, and Key 1 Capital. 

Founded in 2019, Hitachi Ventures is the corporate venture capital arm of the Hitachi Group based in Munich, Germany. The firm seeks to invest in healthcare, the environment, and future social businesses in Europe, Israel, and North America. 

WEKA Use of Funds 

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

About WEKA 

Founded in 2019, WEKA offers a suite of data platform solutions tailored for data-driven organizations. Its AI software is designed to enhance efficiency and accuracy in commercial and enterprise environments, facilitating faster outcomes and improved decision-making. Used by eight of the Fortune 50 enterprise organizations, WEKA helps enterprises solve big IT infrastructure problems to accelerate business outcomes and speed productivity. 

Funding Details

Company: WekaIO, Inc. 

Raised: $73.0M 

Round: Unknown 

Funding Month: May 2024 

Lead Investors: Hitachi Ventures 

Additional Investors: Hewlett Packard Enterprise, NVIDIA, Micron, Digital Alpha, MoreTech Ventures, Ibex Investors, Key 1 Capital 

Company Website: https://www.weka.io/ 

Software Category: Data Management

Source: https://www.weka.io/company/weka-newsroom/press-releases/weka-increases-funding-to-140-million/