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H2O.ai closes $100 million in funding led by Commonwealth Bank of Australia

The rapid adoption of the H2O AI Cloud has accelerated the company's growth

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Representative image | Founded by Sri Satish Ambati, H2O.ai is headquartered in the San Francisco and has development center in India

BS Reporter Mumbai

3 min read Last Updated : Nov 09 2021 | 1:14 AM IST

H2O.ai, the AI cloud company, today announced it has closed $100 million in Series E fund led by Australia’s largest bank, Commonwealth Bank of Australia (CBA). H2O.ai has now raised over $250 million and is valued at $1.7 billion.

Pivot Investment Partners joins prior investors Goldman Sachs Asset Management and Crane Venture Partners. Existing investors include customers and partners such as Wells Fargo, New York Life and NVIDIA.

20,000 organisations, millions of data scientists, and half of the Fortune 500 trust H2O.ai as their AI provider. The company has a Net Promoter Score (NPS) of 78— the highest in the industry. The

Topics : fundings Commonwealth Bank

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