What does H2O.ai do?
H2O.ai, is a maker of the number one open source machine learning platform for building smarter apps. It makes it easy to build smart apps. Using this company’s platform data scientists and developers can import powerful algorithms into their applications. Their technology s being used for predicting fraud, customer chum etc at more than 5,000 organizations and their customers include PayPal, Cisco and Progressive.
How much H2O.ai was funded?
H2O.ai raised $20M in Series A on November 9th, 2015 from the investors Capital One, Nexus Venture Partners, Transamerica and Paxion Capital Partners.
$1.7M in undisclosed round on January 3, 2013 from Nexus Venture Partners
$8.9M in Series A on July 19, 2014 from Transamerica Ventures, Michael Marks, Nexus Venture Partners, Rakesh Mathur, Rajesh Ambati and Ash Bhardwaj.
What is next for H2O.ai?
H2O.ai has raised a total of $34 M in funding to date. As a part of the funding the founding partner of Paxion and Waden Riverwood Capital, Michale Marks will join the company’s board of directors. It is redefining how organizations leverage data with machine learning. The latest funding will be for supporting its explosive growth in their customer community and the app developer ecosystem in key verticals emerging from the open source platform and for building a robust ecosystem of partners on the H20 platform and its delivery through Steam and Sparkling Water products.. The company has seen explosive download growth of 300% YoY with the active installations in more than 5,000 organizations. This year alone the company has signed 25 new customers including Kaiser Permanente, AT&T, Walgreens, McKesson, Progressive, Capital One and Zurich Insurance Group.
More about H2O.ai
H2O.ai was founded in 2011 by Cliff Click and SriSatish Ambati. It has its headquarters in Mountain View, California. It is simplifying the use of machine learning for transforming rule based software to real time learning based smart apps.