Monday, November 9, 2015

H2O.ai Finds $20M For Machine Learning Software

Mountain View-based H2O.ai, a developer of an open source machine learning software platform, said this morning that it has raised $20M in a Series B funding round. The funding was led by Paxion Capital Partners, and also included Nexus Venture Partners, Transamerica Corporation, and Capital One Growth Ventures. Michael Marks of Paxio has joined the company's board with the funding. The company says it has now raised $34M in total. Sri Ambati is Co-founder and CEO of H2O.ai.