Home Startups WekaIO raises $31.7 million to expand its global reach

WekaIO raises $31.7 million to expand its global reach

Startup funding

WekaIO, a developer of data storage and file management systems for artificial intelligence, recently announced that it has secured $31.7 million in a Series C funding round led by Hewlett Packard Enterprise (HPE) and Mellanox Technologies along with the participation from the existing investors NVIDIA, Seagate, and Western Digital Capital.

The California-based startup stated the new investment will be used to expand its global reach and accelerate market demand. Founded in 2013, WekaIO develops technology for data-intensive applications within enterprises and allows storage and swift transmission of artificial intelligence applications, machine learning, financial, and medical analysis.

WekaIO helps enterprises manage, scale, and futureproof their data centers in order to resolve data storage concerns. The company claims that its AI-based storage platform WekaIO Matrix is the fastest shared parallel file system that delivers a high-end software-defined storage solution that removes the barriers between the data and the computer layer, accelerating artificial intelligence, machine learning, genomics, research, and analytics workloads.

Commenting on the new investment, Liran Zvibel, the CEO and co-founder of WekaIO said, “This latest round of financing sets the stage for substantial growth and allows us to continue our mission to deliver an enterprise-grade HPC storage solution at cloud-scale economics. Modern workloads need a modern file system and legacy solutions just can’t keep pace. In under two years since our launch from stealth, we’ve been lauded with industry awards and accolades, been validated in production environments with leading enterprise organizations, and broken records on industry-leading benchmark tests beating out some of the world’s largest supercomputers. This additional capital will allow us to increase our presence worldwide and continue to innovate in order to exceed the evolving needs of our customers.”

“We are seeing an explosion of artificial intelligence, machine and deep learning along with high-performance computing in the enterprise market,” said Paul Glaser, Head of Pathfinder, HPE. “By combining HPE’s industry-leading server architecture with WekaIO’s performance-leading software in an integrated, tested, and validated package, we can deliver best of breed solutions to our customers. This is a great example of HPE’s Pathfinder program that seeks to partner with emerging companies that are strategically aligned with HPE to drive innovative customer solutions and benefits.”