H2O.ai is a visionary Silicon Valley open source software company that redefined the AI movement. It is one of the leading open source data science and machine learning platforms used by nearly half of the Fortune 500 and trusted by over 18,000 organizations and hundreds of thousands of data scientists around the world.
H2O.ai, has announced that it has secured $72.5 million in a Series D round, bringing the total funding to $147 million.
The round was led by Goldman Sachs and the Ping An Global Voyager Fund with continued investments from Wells Fargo, NVIDIA and Nexus Venture Partners. Jade Mandel from Goldman Sachs will be joining the H2O.ai Board of Directors.
Since its founding in 2012, H2O.ai has been on a mission to democratize AI for everyone. To that end, H2O.ai leads a thriving open AI movement of hundreds of thousands of data scientists in tens of thousands of organizations globally.
The company also announced its latest release of H2O Driverless AI which empowers every company to become an AI company.
With this new round of investment, the company plans to accelerate innovation and expand sales and marketing globally. The new investment will be used to further simplify AI for business users with new and ground-breaking technologies.
“H2O.ai is democratizing AI and powering the imagination of every entrepreneur and business globally – we are making them the true AI superpowers,” said Sri Ambati, CEO and Founder at H2O.ai. “Our customers are unlocking discovery in every sphere and walk of life and challenging the dominance of technology giants. This will be fun.”