Tech Company Financing Transactions
WekaIO Funding Round
WekaIO, based in San Jose, raised $140 million in investment from Valor Equity Partners, 10D and Atreides Management LP.
Transaction Overview
Company Name
Announced On
5/15/2024
Transaction Type
Venture Equity
Amount
$140,000,000
Round
Series E
Investors
Proceeds Purpose
The company intends to use the funds to increase its cash reserves, scale its business rapidly to meet global demand for AI-native data infrastructure while expanding its investments in developing its data platform software and providing liquidity to WEKA employees.
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
2001 Gateway Pl. 400W
San Jose, CA 95110
USA
San Jose, CA 95110
USA
Phone
Website
Email Address
Overview
WekaIO has built the world's fastest parallel file system, designed to solve the performance challenges in AI deep learning and technical computing. Matrix, WekaIO's flagship product, leapfrogs legacy storage infrastructures by delivering the highest performance, lowest latency storage at a fraction of the cost or traditional NAS.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Liran Zvibel
Chief Operating Officer
Omri Palmon
Chief Technical Officer
Andrew Watson
Co-Founder
Maor Ben-Dayan
VP - Engineering
Nir Makovski
VP - Marketing
Barbara Murphy
VP - Sales
Richard Dyke
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