WEKA announces $140 million primary and secondary Series E
Valor Equity Partners led the May 2024 transaction at a $1.6 billion post-money valuation.
WEKA announced a $140 million Series E on 15 May 2024, combining new shares with sales of existing shares. Valor Equity Partners led the transaction, and its founder Antonio Gracias joined the board.
Returning participants included Generation Investment Management, NVIDIA, Atreides Management, 10D, Hitachi Ventures, Ibex Investors, Key1 Capital, Lumir Ventures, MoreTech Ventures and Qualcomm Ventures.
The transaction supported data-platform development and expansion while providing liquidity to employees. Its $140 million total includes secondary sales; the company did not specify the primary portion.
Use of funds
Develop data platform software
Scale AI data infrastructure operations
Provide employee liquidity