We talked to a Goldman Sachs executive about the bank's investment in H20.ai and what makes the startup stand out in the crowded AI field

A startup hoping to democratize the use of artificial intelligence just got a big boost from one of the most prestigious firms on Wall Street and the world's largest insurance company. H2O.ai on Tuesday closed a $72.5 million series D funding round coled by Goldman Sachs and the Ping An Global Voyager Fund, a subsidiary of the China-based Ping An Insurance. Wells Fargo, NVIDIA, and Nexus Venture Partners, all previous investors, also participated in the round. The Silicon Valley-based company works across a variety of industries, including financial services, insurance, and healthcare, with a goal of giving every company the ability to use AI technology, regardless of their size or expertise in the tech. H2O Driverless AI, the company's flagship product, helps users deploy machine-learning techniques cheaper and faster than if they attempted to do it entirely on their own. Larger firms that already have established AI teams, such as those on Wall Street, are also using the company's tech.