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Weka, a data platform, raised $140 million in funding to address data management challenges in AI projects by providing a powerful parallel file system and services for AI, machine learning, and high-performance computing workloads.
- Weka raised $140 million in funding to address data management challenges in AI projects.
- The platform offers a parallel file system to orchestrate data tasks across multiple locations simultaneously.
- Weka provides services for AI, machine learning, visual effects, and high-performance computing workloads.
- The architecture of Weka speeds up AI model training by reducing data copying time.
- Weka competes with other data platforms like DataDirect, Pure Storage, NetApp, and Vast Data.
- Weka has a customer base of over 300 brands, including AI startup Stability AI and 11 of the Fortune 50 companies.
- The company aims to achieve cash flow positivity by December 2024.
Tags:
data management
funding
parallel file system
customer base
cash flow positivity