WEKA was established in 2013 by Israeli entrepreneurs Liran Zvibel, Maor Ben-Dayan, and Omri Palmon. The core business of WEKA is to provide cloud data platforms for AI infrastructures.
According to a recent press release WEKA, now headquartered in the USA (Campbell, California), WEKA raised successfully 140 million USD at a valuation of 1,6 billion USD: Unicorn status. This means, a valuation of more than 1 billion USD.
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 unprecedented business growth as the company expands to meet significant global demand for modern data infrastructure that efficiently and sustainably addresses the scale and performance demands of advanced technologies like generative AI and high-performance GPUs.
“The recent acceleration of generative AI and enterprise cloud adoption has triggered a sharp increase in customer demand, driving an unprecedented number of eight-figure ARR deals—an impressive feat when you factor in that WEKA is a software-based business,” said Intekhab Nazeer, chief financial officer at WEKA. “It was an opportune time to fortify our cash reserves, allowing our investors to increase their position in the company while minimizing share dilution for our employees.“