- Companies
- WEKA
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.
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2024 | Series E | $1.6B | 16.0x |
| Nov 2022 | Series D | $750M | 7.5x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2024 | $100M | $1.6B | 16.0x | Series E |
| Nov 2022 | $100M | $750M | 7.5x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series E | Valor Equity Partners (lead); NVIDIA; 10D; MoreTech Ventures; Lumir Ventures; Qualcomm Ventures; Ibex Investors; Atreides Management; Key 1 Capital; Hitachi Ventures; Generation Investment Management | $140M | $1.6B | WEKA, 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 2022 | Series D | Generation Investment Management (lead) | $135M | $750M | WEKA (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 2021 | Series C | Hitachi Ventures (lead); NVIDIA; MoreTech Ventures; Ibex Investors; Cisco Investments; Micron Ventures; Key 1 Capital; Hewlett Packard Enterprise | $73M | - | - |
| Jan 2019 | Series C | Walden Riverwood Ventures (lead); NVIDIA; Western Digital Capital; Qualcomm; Mellanox; Hewlett Packard Enterprise; Seagate | $32M | - | - |
| Feb 2016 | Series B | Walden 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 2014 | Series A | Norwest (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jan 2019 | ||
| 2 | Participant | Aug 2021 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Participant | Aug 2021 | ||
| 2 | Lead | Feb 2016 | ||
| 2 | Lead | Jan 2014 | ||
| 2 | Participant | Aug 2021 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Lead | Nov 2022 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Jan 2019 | ||
This data is available for Pro users. Sign up to see all 22 WEKA investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialWEKA Competitors
WEKA competitors include listed companies like TRS Information Technology, C3.ai and Rackspace, and private ones like DataStax, Obsidian Security and Dt Dream.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $445M | $192M | 3.8x | - | 8.8x | - | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $7M | ($29M) | 216.3x | 103.4x | (47.7x) | (46.7x) | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
This data is available for Pro users. Sign up to see all WEKA competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to WEKA
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




