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H2O.ai raises $40 million

By TechTaffy Desk

Open source deep learning platform and data products company H2O.ai has completed a $40 million Series C round of funding. The investment was led by Wells Fargo and Nvidia, with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures (the venture capital fund of Transamerica and Aegon Group).

H2o.ai customers include Capital One, Progressive Insurance, Zurich North America, Transamerica, Comcast, Nielsen Catalina Solutions, Neustar, Macy’s, Walgreens and Kaiser Permanente, according to the company website.

H2O.ai’s total amount of funding raised to $75 million.

[Image courtesy: H2O.ai]

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