The Wall Street Journal Captures the Essence of H2O.ai - Open Source Leader in AI and ML

On Tuesday, the company said it raised $72.5 million in a round led by Goldman Sachs Group Inc. and Ping An Global Voyager Fund, with continued investments from Wells Fargo & Co., Nvidia Corp. and Nexus Venture Partners. H2O.ai, based in Mountain View, Calif., has raised a total of $147 million since it was founded in 2012. The company sells software that helps businesses incorporate machine learning into their applications to make them more predictive. Its machine-learning platform is used by more than 18,000 companies, including Walgreens Boots Alliance Inc., which uses it to price retail goods, and Capital One Financial Corp., which uses it to help detect fraud, Mr. Ambati said. The platform offers a set of tools that are designed to simplify AI for nonexperts, and can be used for a range of applications.