Weka announces $135M investment on $750M valuation to change how companies move data
If there's one thing that gets the attention of investors, even in uncertain times like these, it's data efficiency. Data is the fuel for machine learning models, and getting it from point A to point B can be expensive and time-consuming. That's why a startup that can help make that process move faster and with less friction is probably going to be valuable. Such is the case with Weka, a company that has come up with a way to virtualize data to make it easier to move between sources without having to make a copy first. Today, the company announced a $135 million Series D investment on a $750 million valuation, big numbers in today's conservative funding environment.
Nov-16-2022, 01:48:03 GMT
- Country:
- Asia > Middle East > Israel (0.06)
- Industry:
- Banking & Finance > Capital Markets (0.72)
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