On May 15, 2024, the AI-native data platform headquartered in Campbell, California, USAWEKAannounced it had raised $140 million in Series E funding. The round was led by Valor Equity Partners, with participation from NVIDIA, Generation Investment Management, Atreides Management, and several other investors. Following this oversubscribed round, WEKA's post-money valuation was $1.6 billion, double the company's previous valuation.
The company plans to use the raised funds to scale its business to meet accelerating global demand for AI-native data infrastructure, while increasing investment in the development of its data platform software and providing liquidity for WEKA employees.
WEKA is a company founded in 2013 and co-founded by CEO Liran Zvibel, Maor Ben-Dayan, and Omri Palmon. The company provides an AI-native data platform that can be deployed globally, delivering unparalleled speed, simplicity, scale, and sustainability for GPU, AI, and other performance-intensive workloads, helping customers achieve insights, discoveries, breakthroughs, and business results faster.
(Source:PR Newswire）