Weka Raises $73M; Increases Funding to $140M

Weka, a Campbell, CA-based provider of a data platform for AI, raised $73m in funding, which brings the total amount raised to $140m.

The round was led by Hitachi Ventures with participation from Hewlett Packard Enterprise, NVIDIA, Micron, and Cisco, and financial investors including MoreTech Ventures, Ibex Investors, and Key 1 Capital.

The company will use the funds to accelerate go-to-market activities, operations, and engineering.

WEKA saw tremendous customer velocity in FY21 (ending November 2021) delivering >2x ARR growth (annual recurring revenue), >125% growth in new customers and with WEKA being deployed in 18 new countries globally. WEKA was also recognized by Gartner as a Magic Quadrant Visionary. This velocity continues into 1Q’FY22, achieving its 1QFY22 revenue target in the first 14 days of the quarter.

Led by Liran Zvibel, Co-Founder and CEO, Weka is a data platform for achieving first-to-market results in artificial intelligence/machine learning (AI/ML), life sciences research, and high-performance computing (HPC). It is used by eight of the Fortune 50 enterprise organizations to solve big IT infrastructure problems to accelerate business outcomes and speed productivity.