Paxion leads mln funding of H2O.ai

Mountain View, Calif.-based H2O.ai, which provides an open source machine learning platform, announced it has raised a $20 million Series B round of funding led by Paxion Capital Partners. Existing backers Nexus Venture Partners and Transamerica Corporation and new investor Capital One Growth Ventures also joined the round. The company has now raised $34 million in total funding. Michael Marks, founding partner of Paxion, has joined the board as part of the company’s latest funding round. PRESS RELEASE H2O.ai Closes $20 Million Series B To Democratize Artificial Intelligence for Business and Fuel the Explosive Growth in Data Products Funding to expand vertical ecosystems in Insurance, Financial Services and Healthcare and accelerate the convergence of data science and applications MOUNTAIN VIEW, CA – November 9, 2015 – H2O.ai, the maker of the number one open source machine learning platform for building…


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