Weka Raises $140M in Series E Funding, Valuation Doubles to $1.6B Amid GenAI Boom

May 15, 2024, 01:50 PM

Weka, a data platform startup based in Campbell, California, has raised $140 million in Series E funding, doubling its valuation to $1.6 billion. The funding round, which saw a 2x increase from the last round, was led by Valor Equity Partners and included participation from NVIDIA and other investors. This significant investment, termed as GenAI boom cash, comes as the AI boom continues to bolster data platforms. Weka offers a parallel file system and data management tools for AI and high-performance computing (HPC). The company is now positioned as a newly minted unicorn, ready to help its customers thrive in the AI era.