WEKA raises $140M in Series E funding at $1.6B valuation led by Valor Equity Partners

May 15, 2024•about 1 year ago

Amount Raised

$140 Million

Round Type

series e

CampbellSoftware

Investors

Atreides ManagementGeneration Investment ManagementNvidiaValor Equity Partners

Description

WekaIO (WEKA), the AI-native data platform company, has raised $140 million in an oversubscribed Series E funding round. The round, led by Valor Equity Partners, brings WEKA's post-money valuation to $1.6 billion and will be used to scale its business rapidly, expand its investments in developing its data platform software, and provide liquidity to WEKA employees.

Company Information

Company

WEKA

Location

Campbell, California, United States

About

WEKA helps data-driven organizations seamlessly and sustainably store, process, and manage data virtually anywhere with cloud simplicity and on-prem performance. Our software-defined, cloud-native data platform turns stagnant data silos into streaming data pipelines that fuel next-generation workloads like AI and HPC.

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