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Weka Raises $135M To Fuel Hypergrowth And Global Expansion

PRIVATENov 15, 2022over 3 years ago

Amount Raised

$135 Million

CampbellSoftware

Investors

Sustainable Solutions Fund IvSamsung Catalyst FundQualcomm VenturesNorwest Venture PartnersMore Tech VenturesMirae Asset CapitalMicron VenturesLumir VenturesKey1 CapitalHitachi VenturesGemini Israel VenturesCelesta CapitalAtreides ManagementGeneration Investment Management

Description

WekaIO (WEKA), the global data platform provider for next-generation workloads, announced today that it raised $135 million in an oversubscribed Series D funding round led by Generation Investment Management. Several notable new and existing investors also contributed, including 10D, Atreides Management, Celesta Capital, Gemini Israel Ventures, Hewlett Packard Enterprise, Hitachi Ventures, Key1 Capital, Lumir Ventures, Micron Ventures, Mirae Asset Capital, MoreTech Ventures, Norwest Venture Partners, NVIDIA, Qualcomm Ventures, and Samsung Catalyst Fund. Despite recent volatility and uncertainty in the global financial markets that have widely impacted startup valuations and investments, the company also doubled its previous valuation in the round.

Company Information

Company

WEKA

Location

Campbell, California, United States

About

WEKA helps data-driven organizations seamlessly and sustainably store, process, and manage data virtually anywhere with cloud simplicity and on-prem performance. Our software-defined, cloud-native data platform turns stagnant data silos into streaming data pipelines that fuel next-generation workloads like AI and HPC.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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