WEKA Appoints Seasoned Tech Executive Hoang Vuong as New CFO

WEKA, an AI-native data platform company, has appointed Hoang Vuong as its new Chief Financial Officer. Vuong will oversee the company’s financial strategy and operations as it continues to experience rapid growth. This appointment comes on the heels of a record-breaking year for WEKA, which exceeded $100 million in annual recurring revenue and grew to over 500 employees globally. The company also closed a $140 million Series E funding round led by Valor Equity Partners at a $1.6 billion valuation, solidifying its unicorn status.

Vuong brings a wealth of experience to the role, having previously served as CFO at Amplitude Inc., where he helped take the company public in 2021. He has also held leadership positions at Intuit, Demandforce, and Deloitte. WEKA’s CEO, Liran Zvibel, expressed enthusiasm for Vuong’s appointment, citing his track record of driving growth and public company experience as key assets in accelerating the company’s momentum.

Leadership Expansion: WEKA Appoints New Chief Financial Officer

The AI-native data platform company, WEKA, has announced the appointment of Hoang Vuong as its new chief financial officer (CFO). Vuong will report directly to WEKA’s cofounder and CEO, Liran Zvibel, and will be responsible for overseeing all aspects of the company’s financial strategy and operations. This move comes at a time when WEKA is experiencing explosive growth, having exceeded $100 million in annual recurring revenue and grown its global workforce to over 500 employees.

Vuong brings with him a wealth of experience in driving growth and leading companies through significant financial milestones. Most recently, he served as CFO at Amplitude Inc., where he played a key role in taking the company public in September 2021. Prior to that, he held various leadership positions at Intuit, Demandforce, and Deloitte, and was also the chief operating officer and CFO of GoFundMe. His expertise will be invaluable in helping WEKA accelerate its momentum as it continues to scale.

WEKA’s CEO, Liran Zvibel, expressed his enthusiasm for Vuong’s appointment, stating that “2024 was a banner year for WEKA, as we achieved several major financial milestones and added many of the world’s leading AI and HPC innovators to our customer base.” He believes that Vuong’s track record of driving growth and public company experience will help accelerate WEKA’s momentum.

Record-Breaking Year: WEKA Exceeds $100 Million in Annual Recurring Revenue

WEKA has announced a record-breaking year, exceeding $100 million in annual recurring revenue. This milestone is a testament to the company’s explosive growth, which has seen its global workforce expand to over 500 employees. The company’s success can be attributed to its innovative approach to the enterprise data stack, built specifically for the AI era.

WEKA’s Data Platform has been instrumental in driving this growth, providing a cloud and AI-native architecture that can be deployed anywhere. This has enabled seamless data portability across on-premises, cloud, and edge environments, transforming legacy data silos into dynamic data pipelines. As a result, WEKA has been able to accelerate GPUs, AI model training and inference, and other performance-intensive workloads, enabling them to work more efficiently, consume less energy, and reduce associated carbon emissions.

Unicorn Status: WEKA Closes $140 Million Series E Funding Round

In May 2024, WEKA closed a $140 million Series E funding round led by Valor Equity Partners at a $1.6 billion valuation, cementing its unicorn status. This significant investment is a testament to the company’s innovative approach and its potential for continued growth.

The funding round has provided WEKA with the necessary resources to continue scaling its operations and expanding its customer base. The company has already seen significant traction, with five of its customers expanding their AI and HPC clusters to over an exabyte of data under management running on the WEKA Data Platform.

AI Infrastructure Wave: WEKA Positioned for Continued Growth

WEKA is well-positioned to ride the AI infrastructure wave, driven by its innovative approach to the enterprise data stack. The company’s Data Platform has been designed specifically for the AI era, providing a cloud and AI-native architecture that can be deployed anywhere.

Vuong, WEKA’s new CFO, expressed his excitement about joining the company, stating that “WEKA is leading the way in AI and GPU acceleration and is well positioned to ride the AI infrastructure wave.” He believes the company has a significant opportunity ahead of it, and he is eager to seize it alongside WEKA’s talented team.

Architecting a New Approach: WEKA’s Innovative Data Platform

WEKA is architecting a new approach to the enterprise data stack, explicitly built for the AI era. The company’s Data Platform sets the standard for AI infrastructure, providing a cloud and AI-native architecture that can be deployed anywhere. This has enabled seamless data portability across on-premises, cloud, and edge environments, transforming legacy data silos into dynamic data pipelines.

The WEKA Data Platform has been designed to accelerate GPUs, AI model training and inference, and other performance-intensive workloads, enabling them to work more efficiently, consume less energy, and reduce associated carbon emissions. This innovative approach has enabled WEKA to help the world’s most innovative enterprises and research organizations overcome complex data challenges to reach discoveries, insights, and outcomes faster and more sustainably.