On Wednesday, Weka, a platform for building data pipelines that handle a range of data sources, types, and sizes, announced that it raised $140 million... omnibus round values Weka at $1.6 billion post-money, double the company's previous valuation.
Weka CEO Liran Zvibel identified the frustration with costly, disparate data infrastructure solutions and saw the need for better data management tools to support advanced technologies like cloud computing, high-performance computing, machine learning, and AI workloads.
The trio behind Weka, including Liran Zvibel, came together after building a previous data storage startup and witnessing the inefficiencies in existing data infrastructure solutions. They aimed to develop a more efficient and cost-effective approach to data management.
[
add
]
[
|
|
...
]