WEKA joined the Unicorn Club after raising $140M in a Series E funding round led by Valor Equity Partners, achieving a $1.6B valuation. The Campbell-based company develops data storage solutions optimised for AI workloads, delivering high performance, scalability, and deployment flexibility across enterprise infrastructures. WEKA’s solutions support industries including finance, healthcare, and media, enabling organisations to meet demanding AI and high-performance computing requirements.
Keep reading to explore WEKA’s funding history, key investors, and what’s next for this AI-native storage innovator.
What Is WEKA and What Does It Do?
Founded in 2013, WEKA is headquartered in Campbell, California, United States. The company provides AI-native and high-performance storage solutions that deliver scalability and performance for demanding workloads. Its platform can be deployed across diverse infrastructures, helping enterprises in finance, healthcare, and media manage and analyse large-scale AI datasets efficiently.
WEKA’s solutions optimise compute-to-data workflows, supporting rapid AI model training and real-time analytics in enterprise environments.
How Much Funding Has WEKA Raised?
- Series E
- Amount Raised: $140M
- Date: May 15, 2024
- Lead Investors: Valor Equity Partners
- Motivation: Scale AI-native storage solutions, expand enterprise adoption, and enhance performance for high-demand workloads.
Total Funding Raised: $412M
Latest Funding Date: May 15, 2024
Key Investors
- Generation Investment Management
- Details: Global investment firm focusing on sustainable and technology-driven growth companies.
- Investment Focus Areas: Enterprise software, AI, and high-performance computing.
- Notable Investments: Technology and cloud infrastructure startups.
- Hewlett-Packard Pathfinder
- Details: Corporate venture arm of Hewlett Packard investing in enterprise technology and infrastructure.
- Investment Focus Areas: High-performance computing, storage, and AI-native solutions.
- Notable Investments: Enterprise and AI-focused technology platforms.
Where Is WEKA’s Headquarters?
WEKA is headquartered in Campbell, California, United States, providing access to top engineering talent and a hub for AI and high-performance storage innovation.
What’s Next for WEKA?
With $412 million in total funding and a $1.6 billion valuation, WEKA plans to expand its AI-native storage platform, enhance scalability and performance, and accelerate adoption across the finance, healthcare, and media industries. The company aims to enable enterprises to process and analyze large-scale AI datasets efficiently, supporting high-performance computing and real-time AI workflows globally.
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