About WEKA
WEKA is a company based in Campbell (United States) founded in 2013 by Omri Palmon. It operates as a AI-as-a-Service, and Managed Services. WEKA has raised $411.7 million across 5 funding rounds from investors including Nvidia, Cisco and Hewlett Packard Enterprise. WEKA offers products and services including NeuralMesh and NeuralMesh Axon. WEKA operates in a competitive market with competitors including DDN, Cloudian, Panasas, Minio and Basho, among others.
- Headquarter Campbell, United States
- Founders Omri Palmon
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Wekaio, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$411.7 M (USD)
in 5 rounds
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Latest Funding Round
$140 M (USD), Series E
May 15, 2024
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Investors
Nvidia
& 27 more
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Employee Count
Employee Count
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Products & Services of WEKA
WEKA offers a comprehensive portfolio of products and services, including NeuralMesh and NeuralMesh Axon. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
NeuralMesh is designed for accelerating AI infrastructure performance.
NeuralMesh Axon supports ultra-low latency AI storage needs.
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Software Development Team
43 people
Sales and Marketing
40 people
Senior Team
9 people
Leadership Team
8 people
Finance and Accounting
5 people
Product Management Team
4 people
Human Resources and Administration
4 people
Infrastructure Team
3 people
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Funding Insights of WEKA
WEKA has successfully raised a total of $411.7M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $140 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $140.0M
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First Round
First Round
(07 Jun 2016)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series E - WEKA | Valuation | Valor Equity Partners | |
| Nov, 2022 | Amount | Series D - WEKA | Valuation | Generation Investment Management | |
| Jan, 2022 | Amount | Series D - WEKA | Valuation | Hitachi Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WEKA
WEKA has secured backing from 28 investors, including venture fund and institutional investors. Prominent investors backing the company include Nvidia, Cisco and Hewlett Packard Enterprise. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WEKA
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WEKA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weka Comparisons
Competitors of WEKA
WEKA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DDN, Cloudian, Panasas, Minio and Basho, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Big data and HPC storage appliances are provided for businesses.
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| domain | founded_year | HQ Location |
Scalable cloud object storage is offered to enterprises and providers.
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| domain | founded_year | HQ Location |
Parallel file system storage solutions are delivered via clustered appliances.
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| domain | founded_year | HQ Location |
Platform offering object storage solutions
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| domain | founded_year | HQ Location |
Distributed Nosql Database and Cloud Storage
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weka
Frequently Asked Questions about WEKA
When was WEKA founded?
WEKA was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is WEKA located?
WEKA is headquartered in Campbell, United States. It is registered at Campbell, California, United States.
Is WEKA a funded company?
WEKA is a funded company, having raised a total of $411.7M across 5 funding rounds to date. The company's 1st funding round was a Series D of $73M, raised on Jun 07, 2016.
What does WEKA do?
WEKA is engaged in developing advanced storage systems tailored for AI applications. The company offers NeuralMesh, a purpose-built storage solution designed to accelerate AI workloads with microsecond latency and high scalability. It serves industries such as federal government, financial services, healthcare, and media, supporting use cases like AI inference, generative AI, and high-performance computing. WEKAs solutions are deployable across on-premises, public cloud, and hybrid environments, ensuring flexibility and efficiency in data infrastructure for AI innovation.
What products or services does WEKA offer?
WEKA offers NeuralMesh and NeuralMesh Axon.
Who are WEKA's investors?
WEKA has 28 investors. Key investors include Nvidia, Cisco, Hewlett Packard Enterprise, Mirae Asset, and Micron Technology.
What is WEKA's valuation?
The valuation of WEKA is $1.6B as of May 2024.
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