$135M For Data-Intensive Software Storage Solution

▤ Summary

An Israeli company that streamlines data and allows more efficient storage within businesses has raised $135 million. Hitachi, Lenovo and Super Micron all promote Weka’s solution, which has been an important part of its success. “This funding round represents a tremendous milestone in realizing that vision, and we are grateful to our new and existing investors for their support. “The new capital will allow us to invest in our product and go to market, maintain hypergrowth, and give us the runway we need to become a profitable, independent company.” Dave Easton, a Growth Equity Partner at Generation Investment Management, said: “AI and machine learning applications fuel sustainable advancements like autonomous cars and intelligent manufacturing. “We believe WEKA is a leader in the growing green data movement, helping some of the world’s best companies drastically improve their performance while providing the potential to avoid millions of tons of carbon.

▦ Linked Companies

WEKA

$50M to $100M