Weka Raises $140M in Series E Round to Address Data Management Challenges in AI
With over 300 of the world's largest AI and GPU deployments running on the Weka Data Platform, the investment comes at a time of remarkable business growth for the company.
As the demand for AI solutions continues to surge across industries, the spotlight is increasingly shining on the critical role of efficient data management. Weka, a platform specializing in data pipelines for various data sources, types, and sizes, has secured a significant $140 million in a Series E funding round.
The round, which includes both primary and secondary transactions, was led by Valor Equity Partners, a previous investor in the company. This oversubscribed round brings Weka's post-money valuation to an impressive $1.6 billion, underlining the growing demand for modern data infrastructure solutions in the era of artificial intelligence.
The Series E round, entirely funded by existing investors, reflects strong confidence in Weka's vision and capabilities. Notable participants in the round include Valor Equity Partners, Generation Investment Management, NVIDIA, Atreides Management, and others. Antonio Gracias, Founder, CEO, and Chief Investment Officer of Valor Equity Partners, will join Weka's board, bringing invaluable expertise to the company.
Weka's journey traces back to the frustration and disillusionment experienced by CEO Liran Zvibel during his tenure at IBM, where he witnessed firsthand the challenges faced by organizations in managing disparate and siloed data infrastructure solutions. Determined to address these issues, Zvibel, along with co-founders Maor Ben-Dayan and Omri Palmon, embarked on a mission to revolutionize data management with a more unified and efficient approach.
Weka's journey began in 2013 with a mission to revolutionize the enterprise data stack for the AI era. The Weka Data Platform, deployed anywhere, delivers unparalleled speed, simplicity, scale, and sustainability for GPUs, AI, and other performance-intensive workloads. This platform empowers customers to achieve faster insights, discoveries, breakthroughs, and business outcomes.
With over 300 of the world's largest AI and GPU deployments running on the Weka Data Platform, the investment comes at a time of remarkable business growth for the company. Weka is witnessing accelerating global demand for its innovative data infrastructure, which efficiently addresses the scale and performance demands of advanced technologies like generative AI and high-performance GPUs.
Commenting on the funding round, Liran Zvibel, Co-founder, and CEO of Weka, expressed gratitude to returning backers and welcomed Antonio Gracias to the board. He emphasized Weka's commitment to creating new value for customers, partners, and shareholders as the company scales.
Antonio Gracias of Valor Equity Partners highlighted Weka's transformative impact on modern enterprise data and its potential to accelerate technological advancements. Valor is proud to support Weka through its next phase of growth and beyond.
Weka's differentiated, software-defined architecture has garnered praise from investors and customers alike. The company's ability to increase GPU utilization rates for AI workloads is driving explosive growth and positioning Weka as a leader in AI-native data infrastructure.
As Weka continues its journey, fueled by this latest funding round, it remains dedicated to helping the world's most innovative enterprises and research organizations overcome complex data challenges and achieve breakthroughs faster and more sustainably.
