This site uses cookies to ensure the best viewing experience for our readers.
WEKA announces $73 million Series D for data platform for AI

WEKA announces $73 million Series D for data platform for AI

The Israeli startup has developed a data platform for AI/ML, life sciences research, and high-performance computing (HPC)

Meir Orbach | 12:16  06.01.2022
Israeli data storage startup WEKA, formerly WekaIO, has announced that it has completed a $73 million Series D, bringing the total amount raised by the company to $130 million. The round was led by Hitachi Ventures, with other investors participating in this round including Hewlett Packard Enterprise, NVIDIA, Micron, and Cisco, and financial investors including MoreTech Ventures, Ibex Investors, and Key 1 Capital.

Founded in 2013 by Israeli entrepreneurs Liran Zvibel, Maor Ben-Dayan and Omri Palmon, WEKA has developed a data platform for artificial intelligence/machine learning (AI/ML), life sciences research, and high-performance computing (HPC).

WEKA CEO Liran Zvibel. Photo: WEKA WEKA CEO Liran Zvibel. Photo: WEKA WEKA CEO Liran Zvibel. Photo: WEKA

“The Global 1000s are now aggressively integrating Artificial Intelligence and Machine Learning practices and technology into their core business processes, creating new products and services that were impossible to even imagine previously,” said Liran Zvibel, Co-Founder and CEO of WEKA.

Related articles

WEKA reported that it more than doubled its ARR growth (annual recurring revenue) in 2021, while registering 125% growth in new customers across 18 new countries globally.
share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS