H2O.ai shares +234%
The company has raised $100 million in funding, with a single share reaching $27.50.
H2O offers a fast, scalable and open-source platform for machine learning. It provides organizations with a customizable platform that allows them to build AI models to meet their unique needs and use ready-made applications from various fields, from marketing to retail.
The H2O platform is used by over 20,000 organizations, including Goldman Sachs, PayPal, Mastercard, Unilever and AT&T. According to the company's CEO, the platform experiences rapidly growing demand from the manufacturing and healthcare sectors. The leading investors in the latest rounds are banks: Goldman Sachs in 2019 and the Commonwealth Bank of Australia (CBA) in 2021. The company also counts them as clients.
Investment in H2O.ai was first introduced on our platform in 2019. Then the company was valued at $400 million, its stock was priced at $8.23 in the private market. In November 2021 H2O.ai closed $100 million in Series Е funding round that valued it at $1.7 billion, its share price has grown to $27.50 (+234% to the starting price).
You can invest in the company on the UT platform.
