Nexus backed H2O.ai raises $72.5 M Series D

Our partner company H2O.ai announced their $72.5M Series D funding, along with further advancements of their industry leading automatic machine learning platform.

We are blessed to have been part of H2O’s journey from Day one, starting in 2012 when we backed the founders with a bold vision of democratizing AI for everyone, at a time when “AI” was yet to be popular in enterprise-technology vernacular. Over the last few years the company has steadily advanced toward realizing that vision, by building on the foundation of customer centric approach, product-first thinking and community focused bottom-up adoption. H2O’s efforts have played a pivotal role in making enterprise AI real and mainstream.

It has been a pleasure to see H2O.ai grow and become the open source leader in AI and automatic machine learning. We are transforming the use of AI to empower every company to be an AI company across industries including financial services, insurance, healthcare, telco, and retail. H2O is used by more than 18,000 companies and hundreds of thousands of data scientists across the world. H2O Driverless AI, the award winning and industry leading automatic machine learning platform, uses AI to do AI, and makes it easier, faster and cheaper to deliver expert data science as a force multiplier for every enterprise.

We are thrilled to continue our partnership with Sri and team-H2O toward building an iconic company. Work is cut out !

Jishnu Bhattacharjee, Nexus Venture Partners

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