The article also highlights the growing investor interest in the infrastructure supporting AI. It mentions Lambda, a cloud computing services and hardware provider for training AI software, which recently achieved unicorn status with a $1.5 billion valuation. Additionally, AI cloud infrastructure startup CoreWeave recently secured a $1.1 billion round, raising its valuation to $19 billion, a significant increase from its $2 billion valuation in May last year.
Key takeaways:
- Weka has secured a $140 million Series E funding round, raising the data platform's valuation to $1.6 billion, more than double its previous valuation of $750 million.
- The funding round was led by Valor Equity Partners and comes after a sharp increase in customer demand for Weka's data management services, particularly for AI projects.
- Since its establishment in 2013, Weka has raised over $415 million in total, according to Crunchbase.
- Other AI infrastructure companies, such as Lambda and CoreWeave, have also recently achieved significant funding and high valuations, highlighting investor interest in the sector.