Elite Customer Base
When your customer base includes such business luminaries as AT&T, Aegon/Transamerica, Allergan, Bon Secours Mercy Health, Capital One, Commonwealth Bank of Australia, GlaxoSmithKline, Hitachi, Kaiser Permanente, PayPal, PWC, and Walgreens, there is no greater validation that your product/service is highly regarded in the community, because that is the situation with H2O.ai and its Cloud-based AI platform that has been designed to solve complex business problems while speeding up the “discovery of new ideas with results you can understand and trust.”
Founded in 2012 by Sri Ambati, H2O.ai is a Mountain View, California-based startup whose cutting-edge platform is worked by the world’s top 20 Kaggle Grandmasters (the community of best-in-the-world ML practitioners and data scientists).
Now, that’s got to be worth something.
The Fully Managed H2O AI Cloud, combining comprehensive automated ML (autoML) capabilities, is all about a platform that can solve an endless list of solutions by constructing models and applications with accuracy, speed and transparency, while streamlining performance monitoring and adapting quickly to changing conditions.
The H2O AI Cloud platform, which was released earlier this year, can solve problems in several specific verticals, such as in the health, financial services, government, insurance, marketing, telecommunications, manufacturing, and retail industries by offering — based on two deployment options of the Hybrid and Fully Managed options — flexibility, accuracy, speed, scale, and trust.
H2O AI Cloud has two deployment options, Hybrid and Fully Managed.
The H2O AI Cloud connects teams across every stage of making, operating and innovating with AI
Practical use cases of the platform’s successes can be seen with IFFCO-Tokio saving over $1 million annually on fraud with H2O.ai, Paypal driving away fraudsters and shipment volume forecasts at Senko Group.
This tool, then, empowers various types of enterprises to employ AI effectively and with the minimum fuss into their workflows, turning good business practices into brilliant ones.
Sri Ambati, CEO and Founder of H2O.ai, said on his company’s IP earlier this month:
“Our banking, insurance, health, audit, and public sector customers each process billions of documents every year. Documents are the fastest-growing source of data in the enterprise, ranging from contracts, bank statements, invoices, payroll reports, regulatory reports, and medical referrals to customer conversations in text, chat, and email.
“H2O Document AI enables customers to sieve intelligence across a wide variety of document types not possible before, with unprecedented accuracy and speed. With H2O Document AI businesses can now seamlessly integrate insights from documents to their feature stores and transactional systems to delight their customers.”
The man himself, Sri Ambati, is the sole Founder and CEO of H2O.ai. A product visionary who has assembled world-class teams throughout his career, since founding his company Ambati’s mission has been to democratize AI for anyone, anywhere, creating a movement of the world’s top data scientists, physicists, academics and technologists at more than 20,000 organizations worldwide. Ambati also regularly partners with global business leaders to fund AI projects designed to solve compelling business, environmental and societal challenges. Most recently, Ambati led the initiative o2forindia.org, sourcing O2 concentrators for more than 200 public health organizations in Tier 2 cities and rural communities in India during the Delta wave of the COVID-19 pandemic, helping to save thousands of lives. His strong “AI for Good” ethos for the responsible and fair use of AI to make the world a better place drives H2O.ai’s business model and corporate direction.
A sought-after speaker and thought-leader, Ambati has presented at industry events including Ai4, Money2020, Red Hat Summit and more, is a frequent university guest speaker, and has been featured in publications including The Wall Street Journal, CNBC, IDG and the World Economic Forum and has been named a Datanami Person to Watch.
Before founding H2O.ai, Ambati co-founded Platfora, a big data analytics company (acquired by Workday) and was director of engineering at DataStax and Azul Systems. His academic background includes sabbaticals focused on Theoretical Neuroscience at Stanford University and U.C. Berkeley, and he holds an MA in Maths and Computer Science from the University of Memphis.
To date, H2O.ai has raised a total of $251.1 million in funding over eight rounds. Its latest funding, a $100-million Series E round, was raised last month and was led by the Commonwealth Bank of Australia.
That Series E round puts the pre-money valuation of H2O.ai at an estimated $1.6 billion, according to some sources, and gives the Silicon Valley AI cloud company the financial resources to follow Ambati’s mission of democratizing AI for all people.