Commonwealth Bank of Australia Leads US$100 million Funding into Global AI Company H2O.ai

Enter the global hackathon challenge to help reduce the economic and climate impact of wildfires and bushfires. Submission date 15th December 2021.


On 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.


“The investment in and strategic partnership with H2O.ai extends our leadership in artificial intelligence and ultimately boosts the bank’s ability to offer leading digital propositions and reimagine products and services to customers,” said Matt.

Dr Andrew McMullan, CBA’s Chief Data & Analytics Officer , featured on Brilliant-Online
Dr Andrew McMullan, CBA’s Chief Data & Analytics Officer
According to CBA’s Chief Data & Analytics Officer Dr Andrew McMullan, the bank is building an AI-powered organisation for customers. “We are not just helping customers make better decisions about their finances, but also about how they can reduce and offset their energy usage and carbon emissions.”

Headquartered in Silicon Valley, H2O.ai operates the cloud-based machine learning platform, H2O AI Cloud, and employs a number of the world’s top data scientists. As of November 8, 2021, H2O.ai has raised over US$250 million and is valued at US$1.7 billion.


H2O.ai is the trusted AI provider to more than 20,000 global organizations, millions of data scientists and over half of the Fortune 500, including AT&T, Citi, Capital One, GlaxoSmithKline, Hitachi, Kaiser Permanente, Procter & Gamble, PayPal, PwC, Reckitt, Unilever, and Walgreens. CBA, Goldman Sachs, NVIDIA, and Wells Fargo are not only customers and partners, but strategic investors in the company.


For more information about H2O.ai, check out www.h2O.ai


Wildfire Challenge H2O.AI fights fire, featured on Brilliant-Online

Can artificial intelligence technologies help to predict and mitigate the destruction caused by wildfires and bushfires? Well, H20.ai certainly thinks it can. In fact, the company is inviting innovators everywhere to join its H2O.ai Wildfire and Bushfire Challenge.



1. What is H2O.ai Wildfire and Bushfire Challenge?


It’s a global hackathon challenge to help reduce the economic and climate impact of wildfires and bushfires.


2. What does this Challenge aim to do for communities face with such fires?