WEKA Revenue, Valuation, Funding & Investors

WEKA is valued at $1.6B as of May 2024, a 16.0x multiple on its last reported $100M revenue.

See full WEKA profile

Last WEKA valuation

$1.6B

Series E · May 2024

Last WEKA funding round

$140M

Series E · May 2024

WEKA revenue

$100M

Series E · May 2024

Key investors in WEKA

  • NVIDIA
  • Norwest
  • Qualcomm Ventures
  • Ibex Investors
  • Generation Investment Management
  • Hitachi Ventures

WEKA Overview

About WEKA

WEKA generates AI infrastructure through its cloud and hardware-agnostic data platform at weka.io. The solution powers performance-intensive AI, ML, and GPU workloads on-premises, in clouds, at the edge, and in hybrid environments. Adopted by 11 Fortune 50 companies and research organizations worldwide, it accelerates data pipelines for enterprises.


Founded

2013

HQ

United StatesSan Jose, CA

Website

weka.io

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (May 2024)

Valuation

$1.6B (May 2024)

WEKA Valuation

WEKA is currently valued at $1.6B, based on its Series E in May 2024.

The $140M round was led by Valor Equity Partners, with participation from NVIDIA, 10D, MoreTech Ventures, Lumir Ventures, Qualcomm Ventures and 5 other investors.

WEKA's valuation has grown 2.1x from $750M at its Series D in November 2022 to $1.6B in May 2024, across 2 priced rounds.

WEKA valuation by funding round

Revenue multiple
WEKA valuation by funding round
DateStageValuationRevenue Multiple
May 2024Series E$1.6B16.0x
Nov 2022Series D$750M7.5x

WEKA Revenue

WEKA's latest recorded revenue is $100M, as of its Series E in May 2024. At a $1.6B valuation, that implies a 16.0x revenue multiple.

Revenue moved from $100M in November 2022 to $100M in May 2024, while the revenue multiple moved from 7.5x to 16.0x.

WEKA revenue by funding round

WEKA revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2024$100M$1.6B16.0xSeries E
Nov 2022$100M$750M7.5xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

WEKA Funding History

WEKA has raised a total of $415M across 6 funding rounds.

WEKA's first fundraising round was a $10M Series A in January 2014. The most recent completed round was a $140M Series E in May 2024.

WEKA funding rounds

WEKA funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024Series EValor Equity Partners (lead); NVIDIA; 10D; MoreTech Ventures; Lumir Ventures; Qualcomm Ventures; Ibex Investors; Atreides Management; Key 1 Capital; Hitachi Ventures; Generation Investment Management$140M$1.6BWEKA, an AI-native data platform company based in Campbell, California with Israeli roots, provides a software platform that revolutionizes enterprise data management, particularly for demanding AI and GPU workloads, powering over 300 of the world's largest AI deployments. The company raised $140 million in an oversubscribed Series E funding round on May 15, 2024, comprising a combined primary ($100 million) and secondary ($40 million) transaction, elevating its post-money valuation to $1.6 billion from $750 million in its prior November 2022 round and achieving unicorn status. The round was led by existing investor Valor Equity Partners, with participation solely from current backers including Generation Investment Management, NVIDIA, Atreides Management, 10D, Hitachi Ventures, Ibex Investors, Key1 Capital, Lumir Ventures, MoreTech Ventures, and Qualcomm Ventures, all increasing their stakes without new external investors. Proceeds will bolster WEKA's substantial cash reserves to accelerate business scaling amid surging global demand for AI-native data infrastructure, enhance development of its data platform software, and provide liquidity to employees. Valor Equity Partners' founder, CEO, and Chief Investment Officer Antonio Gracias joined WEKA's board, bringing expertise from early investments like DeepMind. This internal round underscores strong investor confidence, as participants opted not to dilute holdings further. To date, WEKA has raised approximately $375-415 million across funding rounds. The company positions itself as a pioneer in software-defined data platforms optimized for AI, hardened through major enterprise and AI projects, disrupting traditional enterprise data stacks.
Nov 2022Series DGeneration Investment Management (lead)$135M$750MWEKA (WekaIO) is a Campbell, Calif.-based data platform provider for next-generation workloads, offering the WEKA Data Platform designed to manage and store data for high-performance computing, AI, and distributed file systems without compromises. Founded in 2013 by Israeli entrepreneurs, it addresses challenges in data-intensive applications for enterprises and research organizations. The company was recognized as a Visionary in the 2022 Gartner Magic Quadrant for Distributed File Systems and Object Storage. On November 15, 2022, WEKA raised $135 million in an oversubscribed Series D funding round led by Generation Investment Management, with participation from investors including 10D, Atreides Management, Celesta Capital, Gemini Israel Ventures, Hewlett Packard Enterprise, Hitachi Ventures, Key1 Capital, Lumir Ventures, Micron Ventures, Mirae Asset Capital, MoreTech Ventures, Norwest Venture Partners, NVIDIA, Qualcomm Ventures, and Samsung Catalyst Fund. The round brought total funding to around $275-293 million and doubled the company's previous valuation from its January 2022 Series C round of $73 million, achieving a post-money valuation of $750 million despite market volatility impacting startup valuations. The funds were earmarked to invest in expanding WEKA Data Platform features, cloud integrations, new use cases, global expansion especially in Asia Pacific, scaling teams in cloud, customer success, sales, marketing, operations, and HR, and reaching profitability as an independent company. This followed a record Q3 in September 2022 that exceeded WEKA's entire fiscal year 2021 performance, highlighting hypergrowth. WEKA's technology supports next-generation GPUs and AI workloads, earning trust from global enterprises. Subsequent rounds included a Series E in May 2024 raising $140 million (or $100M primary per some sources) at $1.6 billion valuation from existing investors like Valor Equity Partners, NVIDIA, and Generation, to scale for AI demand and provide employee liquidity.
Aug 2021Series CHitachi Ventures (lead); NVIDIA; MoreTech Ventures; Ibex Investors; Cisco Investments; Micron Ventures; Key 1 Capital; Hewlett Packard Enterprise$73M--
Jan 2019Series CWalden Riverwood Ventures (lead); NVIDIA; Western Digital Capital; Qualcomm; Mellanox; Hewlett Packard Enterprise; Seagate$32M--
Feb 2016Series BWalden Riverwood Ventures (lead); Qualcomm Ventures; Norwest; CID Group; Gemini Israel Ventures$25M-WEKA (WekaIO) is an AI-native data platform company founded in 2013, specializing in software-defined, cloud-native solutions that transform data silos into dynamic pipelines for AI, HPC, and performance-intensive workloads, enabling efficient data management across clouds with high speed and sustainability. The company, headquartered in Campbell, California, with a development center in Tel Aviv, serves major enterprises including 12 of the Fortune 50, focusing on accelerating GPUs, AI training, and inference while reducing energy use. The specified February 2016 funding round, led by Walden Riverwood Ventures with participation from CID Group, Gemini Israel Ventures, Norwest, and Qualcomm Ventures, is referenced in context as a $32M raise (labeled Series B in some sources), marking WEKA's market entry into storage with plans for sales and marketing expansion. WEKA has continued raising capital in subsequent rounds, including a $140M Series E in May 2024 at $1.6B post-money valuation (led by Valor Equity Partners, with Nvidia, Qualcomm Ventures, and others), achieving unicorn status after a prior $750M valuation in a $135M Series D in 2022, bringing total funding to around $400M. The company has grown to 400 employees, planning further hires, and competes with firms like VAST Data in AI data infrastructure.
Jan 2014Series ANorwest (lead)$10M-WEKA raised $10.3 million in its Series A funding round in January 2014, led by Norwest Venture Partners. The funds supported foundational operations and initial product development for the data management platform company. Norwest is a global venture capital firm investing in early to late-stage technology companies.

Who has invested in WEKA?

22 investors have backed WEKA across its funding rounds, including NVIDIA, Norwest, Qualcomm Ventures, Ibex Investors, Generation Investment Management and Hitachi Ventures.

Lead investors include Valor Equity Partners, Generation Investment Management, Hitachi Ventures, Walden Riverwood Ventures and Norwest.


WEKA Investors

Investors in WEKA by funding rounds participated
InvestorHQRoundsRoleFirst check
NVIDIAUnited StatesSan Jose, CA3ParticipantJan 2019
MoreTech VenturesIsraelTel Aviv2ParticipantAug 2021
Qualcomm VenturesUnited StatesSan Diego, CA2ParticipantFeb 2016
Ibex InvestorsUnited StatesDenver, CO2ParticipantAug 2021
Walden Riverwood VenturesUnited StatesSan Francisco, CA2LeadFeb 2016
NorwestUnited StatesSan Francisco, CA2LeadJan 2014
Key 1 CapitalIsraelHerzliya2ParticipantAug 2021
Hewlett Packard EnterpriseUnited StatesSan Francisco, CA2ParticipantJan 2019
Hitachi VenturesGermanyMunich2LeadAug 2021
Generation Investment ManagementUnited KingdomLondon2LeadNov 2022
10DIsraelIsrael1ParticipantMay 2024
Lumir VenturesAustraliaMelbourne1ParticipantMay 2024
Western Digital CapitalUnited StatesLos Angeles, CA1ParticipantJan 2019

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WEKA Competitors

WEKA competitors include listed companies like TRS Information Technology, C3.ai and Rackspace, and private ones like DataStax, Obsidian Security and Dt Dream.

Public and private companies comparable to WEKA
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DataStaxUnited StatesSan Jose, CAPrivate--$1.6B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Obsidian SecurityUnited StatesLos Angeles, CAPrivate--$1.1B-
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x
Dt DreamChinaHangzhouPrivate--$1.5B-

WEKA Public Comps

WEKA is still privately-owned, but its public comps include Nava, TRS Information Technology, Anterix, Wenge AI, C3.ai, VNET Group, PCITECH, Fractal Analytics, Transwarp and Boost Run.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nava$445M$192M3.8x-8.8x-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Anterix$7M($29M)216.3x103.4x(47.7x)(46.7x)
Wenge AI$60M($20M)27.6x-(82.7x)-
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about WEKA

When was WEKA founded?WEKA was founded in 2013.
Where is WEKA headquartered?WEKA is headquartered in San Jose, CA, United States.
Is WEKA publicly listed?No, WEKA is a private, VC-backed company.
What is WEKA's valuation?WEKA was last valued at $1.6B in its Series E in May 2024.
How much funding has WEKA raised?WEKA has raised $415M across 6 funding rounds.
What was WEKA's last funding round?WEKA's last funding round was a $140M Series E in May 2024, led by Valor Equity Partners.
Who are WEKA's investors?WEKA's investors include NVIDIA, MoreTech Ventures, Qualcomm Ventures, Ibex Investors, Walden Riverwood Ventures, Norwest, Key 1 Capital, Hewlett Packard Enterprise, Hitachi Ventures, Generation Investment Management and 12 others.
What is WEKA's revenue?WEKA's latest recorded revenue is $100M (May 2024).
What is WEKA's revenue multiple?WEKA's latest valuation implies a 16.0x revenue multiple ($1.6B valuation on $100M of revenue).
Which companies are comparable to WEKA?Companies comparable to WEKA include DataStax, TRS Information Technology, C3.ai, Obsidian Security, Rackspace and Dt Dream.

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