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WekaIO raises USD 140 million to scale businesses and develop platform
Data Infrastructure & Analytics
May 15, 2024
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Data Infrastructure & Analytics

Data Infrastructure & Analytics

May 15, 2024

WekaIO raises USD 140 million to scale businesses and develop platform

Funding

  • WekaIO, a startup offering a data management and storage solution, has raised USD 140 million in an oversubscribed two-part Series E funding round led by Valor Equity Partners, with participation from NVIDIA Corp, Qualcomm Ventures, and Hitachi Ventures. Following the round, Weka's total external funding stands at over USD 415 million.

  • The round values Weka at USD 1.6 billion, reportedly more than double its previous valuation.

  • The company will use the fresh funding to augment its cash reserves, giving it options to rapidly scale its business to meet global demand and expand investments to develop its data platform.

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