AI start-up H2O.ai raises $72.5 million from Goldman Sachs, Ping An

H2O.ai, an open-source based artificial intelligence and machine learning platform, has raised $72.5 million in series D funding round led by Goldman Sachs and China-based Ping An Global Voyager Fund.

The start-up, co-founded by Hyderabad-born Sri Satish Ambati in 2012, has raised a total funding of $147 million with this round. Wells Fargo, NVIDIA, and Nexus Venture Partners have also participated in the current round.

The company plans to accelerate innovation, expand sales and marketing globally with new funds. The fresh investment will also be used to further simplify AI for business users, the company added.