H2O.ai Raises $100M in Series E

H2O.ai has successfully raised $100M in a Series E at a $1.7B valuation led by Goldman Sachs, NVIDIA, Crane Venture Partners, Commonwealth Bank of Australia, Nexus Venture Partners.

Company Overview

H2O.ai is a AI/ML company headquartered in 2307 Leghorn Street, Mountain View, CA 94043, founded in 2012 with 300+ employees.

Open-source AI and machine learning platform

Fundraising Details

Amount Raised: $100M
Round Type: Series E
Valuation: $1.7B
Date: 2024-03-07
Investors: Goldman Sachs, NVIDIA, Crane Venture Partners, Commonwealth Bank of Australia, Nexus Venture Partners

About H2O.ai

Open-source AI and machine learning platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2307 Leghorn Street, Mountain View, CA 94043
Founded: 2012
Team Size: 300+
Industry: AI/ML

What This Means

This funding round demonstrates strong investor confidence in H2O.ai's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. H2O.ai's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.7B valuation marks an important milestone for H2O.ai, positioning the company among notable players in the AI/ML industry.

Looking Ahead

With this new capital, H2O.ai is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-07. For more information about H2O.ai, visit their headquarters at 2307 Leghorn Street, Mountain View, CA 94043.