H2O.ai, an AI Cloud startup, announced it has closed $100 million in Series E funding led by Australia's largest bank, customer Commonwealth Bank of Australia (CBA).

H2O.ai has now raised over $250 million and is valued at $1.7 billion. Pivot Investment Partners joins prior investors Goldman Sachs Asset Management and Crane Venture Partners. Existing investors include customers and partners such as Wells Fargo, New York Life and NVIDIA.