Dec 5, 2024, 9:05 AM
Dec 5, 2024, 9:05 AM

Hoang Vuong takes the reins as WEKA's new chief financial officer

Highlights
  • Hoang Vuong has been appointed as chief financial officer of WEKA.
  • The company recently achieved over $100 million in annual revenue and experienced significant growth in customer data management.
  • Vuong's leadership is expected to enhance WEKA's financial strategy as it continues to scale amid rapid expansion.
Story

In Campbell, California, WEKA, an AI-native data platform company, announced on December 5, 2024, the appointment of Hoang Vuong as its new chief financial officer (CFO). Vuong's responsibilities will encompass overseeing the financial strategy and operations of the company. This appointment comes at a significant point in WEKA's growth trajectory, following a record-breaking year where the company achieved over $100 million in annual recurring revenue and expanded its workforce to over 500 employees globally. Notably, WEKA's customer base saw substantial growth as five of its clients increased their AI and HPC clusters to manage over an exabyte of data using the WEKA® Data Platform. WEKA's successful growth strategy is further underlined by a successful Series E funding round in May 2024, which raised $140 million and positioned the company with a valuation of $1.6 billion, thereby securing its status as a unicorn. Hoang Vuong, before joining WEKA, served as CFO at Amplitude Inc. from 2019 to 2023, where he played a pivotal role in taking the company public. His experience as chief operating officer and CFO at GoFundMe, along with various leadership positions at Intuit, Demandforce, and Deloitte, positions him as an impactful addition to WEKA's executive team. The company aims to lead advancements in AI and GPU acceleration, and Vuong expressed his excitement about the opportunity to contribute to the talented team at WEKA. He acknowledged WEKA's place at the forefront of the AI infrastructure wave and emphasized the potential for continued growth in this dynamic sector. The appointment of Hoang Vuong reflects WEKA's commitment to enhancing its financial strategies during a time of rapid expansion. As the company navigates the challenges and opportunities presented by the evolving AI landscape, Vuong's background in driving growth at technology companies is expected to yield significant benefits. From efficient management of resources to strategic financial planning, Vuong's leadership is set to play a crucial role as WEKA charts its path forward in the competitive data platform market.

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