AI Startup H2O.ai Raises $72.5 Million in Round Led by Goldman, Ping An
20 Agosto 2019 - 12:10PM
Noticias Dow Jones
By Colin Kellaher
Artificial-intelligence startup H2O.ai on Tuesday said it raised
$72.5 million at an undisclosed valuation in a Series D funding
round led by Goldman Sachs Group Inc. (GS) and Ping An Insurance
(Group) Co.'s (2318.HK) Ping An Global Voyager Fund.
The Mountain View, Calif., company said prior investors Wells
Fargo & Co. (WFC), Nvidia Corp. (NVDA) and Nexus Venture
Partners also participated in the round, which brings its total
funding to $147 million.
Wells Fargo and Nvidia led a $40 million Series C funding round
in late 2017.
H2O.ai, founded in 2012, said Goldman's Jade Mandel will join
its board.
H2O.ai's automatic machine learning platform, H2O Driverless AI,
is aimed at simplifying artificial intelligence for business users.
The company said it will use the new financing to invest in new
technologies and expand its sales and marketing efforts.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 20, 2019 12:55 ET (16:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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