Goldman Sachs and Ping An lead $ 72.5 million funding round in AI firm H2O.ai

August 20, 2019 | Artificial Intelligence
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Wells Fargo, NVIDIA and Nexus Venture Partners also made repeat investments in the India-based artificial intelligence startup

AI firm H2O.ai received a shot of confidence from Goldman Sachs and Ping An.

With the latest Series D funding round, the firm has raised a cumulative amount of $ 147 million. Other investors include Barclays, Capital One, New York Life, Walton River Wood, and Transamerica.

AI firm H2O.ai and its machine learning platform

H2O’s flagship product is H2O Driverless AI, an automatic machine learning platform that has boosted the company’s customer base three folds. Big-name customers include Wells Fargo, Walgreens, PwC, Hitachi, Booking.com, Franklin Templeton and Commonwealth Bank of Australia.

Altogether, the company has a user base of more than 200,000 data scientists and 18,000 companies.

The democratization of AI

“H2O.ai is democratizing AI and powering the imagination of every entrepreneur and business globally – we are making them the true AI superpowers,” H2O.ai founder and CEO Sri Ambati said.

The company intends to use the funds to accelerate innovation and further simplify AI for business users. It will also expand its team of employees as well as sales and global marketing.

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