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COMMONWEALTH BANK OF AUSTRALIA LEADS US$100 MILLION FUNDING INTO GLOBAL AI COMPANY H2O.AI ✦ Serving our communities with Artificial Intelligence (AI)
✳ “Commonwealth Bank and H2O.ai are led by our core belief that we can make the world better by serving our communities and customers with AI.” -Sri Ambati, founder and CEO of H2O.ai
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Sri Ambati, founder and CEO of H2O.ai
n November 8, 2021, H2O.ai, an artificial intelligence (AI) cloud company announced that it has closed US$100 million in Series E funding. This funding is led by Commonwealth Bank of Australia (CBA), Australia’s largest bank. The capital will be used to scale partnerships, sales, marketing, and customer success globally.
“This strategic partnership between the leading global AI Cloud movement and Australia’s largest bank will unleash the juggernaut of co-innovation and will further democratize AI with trust and freedom,” said Sri Ambati, founder and CEO of H2O.ai. “Commonwealth Bank and H2O.ai are led by our core belief that we can
make the world better by serving our communities and customers with AI.” Matt Comyn, Commonwealth Bank of Australia CEO, said that the bank processes and makes decisions based on millions of data points collected every day, and credits AI for improvements to Commonwealth Bank’s customer experience.
