Data platform firm WekaIO notches $1.6 bln valuation after lastest funding round
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Data platform company WekaIO has secured a valuation of $1.6 billion after raising $140 million in a Series E funding round. The round was led by Valor Equity Partners and saw participation from Nvidia and Qualcomm Ventures. WekaIO offers high-performance and scalable file storage solutions for data-intensive applications. The funding round highlights the increasing demand for generative AI and enterprise cloud adoption.
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