H2O.ai
H2O.ai Raises $100M in Series E
Quick Facts
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.
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