H2O.ai Closes $100M Series E Funding Round


H2O.ai, a Mountain View, Calif.-based AI Cloud company, closed $100m Series E funding round.

The round was led by Australia’s largest bank, customer Commonwealth Bank of Australia (CBA), with participation from Pivot Investment Partners and prior investors Goldman Sachs Asset Management and Crane Venture Partners and existing investors such as Wells Fargo, New York Life and NVIDIA.

The company, which has now raised over $250m and is valued at $1.7 billion, will use to capital to scale partnerships, sales, marketing, and customer success globally.

Led by Sri Ambati, founder and CEO, H2O.ai is an AI Cloud company, which enables customers to solve complex business problems and accelerate the discovery of new ideas.

H2O.ai serves more than 20,000 global organizations, millions of data scientists and over half of the Fortune 500, including AT&T, Citi, Capital One, GlaxoSmithKline, Hitachi, Kaiser Permanente, Procter & Gamble, PayPal, PwC, Reckitt, Unilever, and Walgreens. CBA, Goldman Sachs, NVIDIA, and Wells Fargo are customers, partners, and strategic investors in the company.