Insurer Transamerica's corporate venturing unit led the machine learning technology company's series A round, which increased its overall funding to $10.6m.
US-based machine learning services provider H2O.ai has raised $8.9m in series A funding from backers including Transamerica Ventures, the corporate venturing arm of insurance company Transamerica.
The round was co-led by Rakesh Matur, chief executive of India-based online retailer Junglee, Michael Marks, founding partner at Riverwood Capital, and Ash Bhardwaj, formerly the CEO of contract manufacturer Flextronics, and also included venture firm Nexus Venture Partners.
Nexus previously led H2O’s $1.7m seed round in 2012.
H2O, which changed its name from…
