Weka, an AI-native data platform startup situated in Campbell, California, secured $140 million in Series E fundraising at a $1.6 million valuation.
Investors
- Valor Equity Partners
- Gen Investment Management
- NVIDIA
- Hitachi Ventures
- Ibex Investors
- Key1 Capital
- Lumir Ventures
- MoreTech Ventures
- Qualcomm Ventures
- Antonio Gracias, the founder, CEO, and chief investment officer of Valor, will become a board member of WEKA as per the agreement.
Use of funds
The firm plans to utilize the money to grow its efforts in creating its data platform software, give liquidity to WEKA personnel, and boost cash reserves in order to fulfill the need for AI-native data infrastructure on a worldwide scale.
About Weka
Weka is a cloud-native data platform that can be deployed anywhere and offers data portability across on-premises, cloud, and edge settings. The company is led by CEO Liran Zvibel. Through the transformation of historical data silos into dynamic data pipelines, it speeds up the training and inference of AI models, GPUs, and other performance-intensive tasks, allowing for lower energy consumption and corresponding carbon emissions.
The WEKA® Data Platform powers over 300 of the biggest AI and GPU installations in the world.
“We are grateful to our returning backers for their support and are honored to welcome Antonio Gracias to our board of directors. Antonio has been instrumental in the development of some of the most inventive and disruptive businesses in the world. As we grow to provide new value for WEKA’s clients, partners, and shareholders, we are excited to work with him.”
Liran Zvibel
