H2O AI joined the Unicorn Club on November 7, 2021, after raising a $100 million Series E funding round led by Goldman Sachs Investment Partners, valuing the company at $1.7 billion. Headquartered in Mountain View, California, United States, H2O AI provides open-source machine learning and AI infrastructure solutions for enterprises. The company has raised $251 million to date and employs 124 people (as of December 2022).
Keep reading to learn how H2O AI is transforming enterprise analytics and machine learning through its open-source innovation and automation tools.
What Is H2O AI and What Does It Do?
Founded in 2012, H2O AI delivers open-source artificial intelligence and machine learning platforms that enable organizations to develop predictive models efficiently. Its core offering, H2O, provides an in-memory predictive analytics engine with GPU acceleration. The company’s suite also includes H2O Driverless AI for automated machine learning and H2O Wave for building AI applications.
H2O AI’s technology supports a wide range of use cases, including predictive maintenance, fraud detection, customer churn analysis, and healthcare predictions such as sepsis and ICU monitoring. By combining AutoML and explainable AI, H2O AI enables enterprises to operationalize AI while maintaining transparency and governance.
How Much Funding Has H2O AI Raised?
1. Series E
- Amount Raised: $100M
- Date: November 8, 2021
- Lead Investor: Goldman Sachs Investment Partners
- Valuation: $1.7B
- Purpose: Expansion of AI cloud services and acceleration of product development across enterprise verticals.
2. Series D
- Amount Raised: $72.5M
- Date: August 2019
- Lead Investor: Goldman Sachs and Ping An Global Voyager Fund
- Valuation: Undisclosed
- Purpose: To grow enterprise adoption, enhance AutoML capabilities, and invest in global market expansion.
3. Earlier Rounds (Seed to Series C)
- Cumulative Funding: $78.5M
- Key Investors: Nexus Venture Partners, Crane Venture Partners, and 369 Growth Partners
- Purpose: Build foundational infrastructure, expand the open-source community, and enhance developer tools.
Total Funding Raised: $251M
Latest Funding Date: November 8, 2021
Latest Valuation: $1.7B
Employee Count: 124 (as of December 31, 2022)
Key Investors
1. Goldman Sachs Investment Partners
- Details: Global investment firm focused on growth-stage companies in AI, fintech, and cloud infrastructure.
- Focus Areas: AI infrastructure, enterprise software, and financial technology.
2. 369 Growth Partners
- Details: Venture capital firm investing in early to growth-stage companies across AI, analytics, and data platforms.
- Focus Areas: Open-source technologies, AI-driven analytics, and cloud data solutions.
3. Ping An Global Voyager Fund
- Details: Strategic investment arm of Ping An Group, focusing on innovative financial and healthcare technologies.
- Focus Areas: Artificial intelligence, fintech, and healthcare innovation.
Where Is H2O AI’s Headquarters?
H2O AI is headquartered in Mountain View, California, United States. Its headquarters serves as the innovation center for product development, research, and enterprise collaboration. The company continues to grow globally, empowering organizations with scalable AI infrastructure and open-source technologies.
What’s Next for H2O AI?
H2O AI aims to strengthen its AI Cloud platform and expand its ecosystem of open-source tools. The company plans to enhance AutoML, MLOps, and explainable AI features while driving adoption in key sectors, including finance, insurance, and healthcare. With its growing community and enterprise partnerships, H2O AI is positioned to be a leading force in democratizing AI across industries.
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