H2O.ai Raises $40 Million to Democratize Artificial Intelligence for the Enterprise

#artificialintelligence 

WIRE)--H2O.ai, the leading company bringing AI to enterprises, today announced it has completed a $40 million Series C round of funding led by Wells Fargo and NVIDIA with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures, the corporate venture capital fund of Transamerica and Aegon Group. The Series C round brings H2O.ai's total amount of funding raised to $75 million. The new investment will be used to further democratize advanced machine learning and for global expansion and innovation of Driverless AI, an automated machine learning and pipelining platform that uses "AI to do AI." H2O.ai continued its juggernaut growth in 2017 as evidenced by new platforms and partnerships. The company launched Driverless AI, a product that automates AI for non-technical users and introduces visualization and interpretability features that explain the data modeling results in plain English, thus fostering further adoption and trust in artificial intelligence.