Lumir Ventures Backs Digital Storage Leader Weka in Mega Round

Lumir Ventures Backs Digital Storage Leader Weka in Mega Round

November 16, 2022

Lumir Ventures is thrilled to announcement its latest investment in WEKA – the global data platform provider that is revolutionising high-performance storage and data management for the digital age. Lumir was a significant contributor in WEKA’s $135 million Series D funding round led by Generation Investment Management to fuel hyper growth and its continued global expansion.

WEKA is the only data management provider that delivers a software-based solution that flawlessly supports next-generation workloads with uncompromising speed, scale, simplicity, sustainability, and seamless data portability. Built for the cloud and AI era, The WEKA® Data Platform solves complex data challenges and delivers significant performance improvements, whether running on-premises, in the cloud, at the edge, or in hybrid and multi-cloud environments.

WEKA helps leading enterprises and research organisations solve big IT infrastructure problems to accelerate business outcomes and speed up productivity. Since commercialising its software to the market in 2017, WEKA has provided unprecedented results for numerous Fortune 500 companies – including eight of the Fortune 50 – in media and entertainment, space exploration, aerospace and defense, pharmaceutical, and autonomous vehicles.

WEKA was founded by a world-class technical team with deep data infrastructure expertise that is complemented by highly experienced commercial leadership. The WEKA founders were previously part of the leadership team at XIV Storage – a start-up success story that was sold to IBM in 2008 for ~$350M.

“We believe WEKA is uniquely positioned to support a significant transformation in the market for data-intensive applications using machine learning and AI,” said Alex Dikman. "The WEKA platform delivers unparalleled computing performance while reducing energy consumption and facilitating innovation in several critical categories, including autonomous driving, essential healthcare applications, and more. Lumir is proud to support Liran, Amit, Omri, Maor, and the Weka team on its journey. It's rare to see a team lead a paradigm shift with such humility.”

In addition to Lumir and Generation, notable investors in WEKA’s oversubscribed funding round also included Norwest Venture Partners; Hitachi Ventures; Atreides Management; Celesta Capital; Gemini Israel Ventures; 10D; Hewlett Packard Enterprise; Key1 Capital; Micron Ventures; Mirae Asset Capital; MoreTech Ventures; NVIDIA; Qualcomm Ventures; and Samsung Catalyst Fund.

"The volume and diversity of investors joining WEKA’s Series D round are impressive for a reason. The need to unleash the potential of next-generation workloads has never been greater,” said Jonathan Martin, president at WEKA.