H2O.ai is the creator of H2O, an open-source platform for data science and machine learning utilized by thousands of organizations worldwide. H2O.ai supplies companies in a variety of industries with predictive analytics and ML tools that aid in solving business challenges.
The company’s latest funding round was a Series E round of $222 million in January 2021, which valued the company at $2.8 billion1. H2O.ai’s CEO, Nigel Toon, said that the company’s next fundraising step would probably be an IPO, but he did not specify when that would happen. H2O.ai is a British semiconductor company that develops accelerators for AI and machine learning using its own IPU (Intelligence Processing Unit) technology.