In brief: H2O.ai announces US$72.5M Series D led by Goldman Sachs

H2O.ai‘s mission is to democratize AI by providing a set of tools that frees companies from relying on teams of data scientists.
The company announced a US$72.5 million Series D round led by Goldman Sachs and Ping An Global Voyager Fund.
Previous investors Wells Fargo, Nvidia and Nexus Venture Partners also participated.
Under the terms of the deal, Jade Mandel from Goldman Sachs will be joining the H2O.ai board. Today’s investment brings the total raised to US$147 million.
The company’s main product, H2O Driverless AI, introduced in 2017, gets its name from the fact it provides a way for people who aren’t AI experts to still take advantage of AI without a team of data scientists.
Driverless AI is automatic machine learning, which brings the power of a world-class data scientists in the hands of everyone. lt builds models automatically using machine learning algorithms of every kind.
They introduced a new recipe concept today, which provides all of the AI ingredients and instructions for building models for different business requirements.
H2O.ai’s team of data scientists has created and open-sourced 100 recipes for things like credit risk scoring, anomaly detection and property valuation.