H2O.ai, a Mountain View, Calif.-based open source leader in artificial intelligence and automatic machine learning for the enterprise, secured $72.5m in Series D funding.
The round, which brought total funding to $147m, was led by Goldman Sachs (NYSE: GS) and the Ping An Global Voyager Fund (OTCMKTS: PNGAY) with participation from Wells Fargo (NYSE: WFC), NVIDIA (NASDAQ: NVDA) and Nexus Venture Partners. In conjunction with the funding, Jade Mandel from Goldman Sachs will be joining the H2O.ai Board of Directors.
The company intends to use the funds to expand sales and marketing globally and invest in its academic program.
Led by Sri Ambati, CEO and Founder, H2O.ai is a provider of an open source based AI and automatic machine learning platform for companies in financial services, insurance, healthcare, telco, retail, pharmaceutical and marketing to be more productive and deploy models in a faster and easier way.
H2O.ai leverages its partnerships for global reach with leading technology companies including NVIDIA, IBM, AWS, Intel, Microsoft Azure, Google Cloud Platform, Snowflake and IBM RedHat to serve a growing customer base including Aetna, Booking.com, Capital One, Comcast, Commonwealth Bank of Australia, Franklin Templeton, Hitachi, MarketAxess, Nationwide Insurance, PwC, Tokio Marine, Wells Fargo and Walgreens, among others.
The company has AI Centers of Excellence in Prague and Chennai.