Artificial Intelligence is a valuable tool used among data scientists to empower business decisions and help companies reach their goals. Yet, while the technology is immensely valuable, AI can be hard to utilize properly without training, capital, and the expertise. H2O.ai, an open source leader in AI and automatic machine learning, is working to democratize AI for all companies around the world and ensure the tool is used without limitations.
H2O recently completed a Series D round of funding led by Goldman Sachs, raising $72.5 million to accelerate innovation and expand sales and marketing around the world. Since the company released H2O Driverless AI, their machine learning platform, H2O has seen their customer base triple, while reaching new industries on every continent.
By using the H2O platform, over 18,000 companies and hundreds of thousands of data scientists gain access to data analysis that informs business decisions in industries including financial services, healthcare, retail, and marketing. H2O also offers services to customers such as training, issue resolution, and platform deployment that help users expand their adoption of AI.
“It’s clear that H2O.ai has solutions that have global relevance and appeal. Businesses around the world grapple with the challenge of applying machine learning in what are often resource constrained situations. We’ve been deeply impressed with the combination of technical sophistication and ease of use present in all of H2O.ai’s offerings, and we look forward to helping expand the H2O.ai footprint.” said Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund.
