Algolia, a San Francisco, CA-based hosted search API startup, raised $53m in Series B funding.
The round was led by Accel with participation from new investors Jason Lemkin’s SaaStr fund, Jyoti Bansal (founder and chairman of AppDynamics), Clark Valberg (co-founder and CEO of InVision) and Des Traynor (co-founder and CSO of Intercom) and existing investors Alven Capital, Point Nine Capital and Storm Ventures.
Founded in 2012 and led by Nicolas Dessaigne, CEO, Algolia provides businesses with the infrastructure, engine and tools they need to create fast, relevant consumer-grade search for their users. Its hosted search engine has already handled 1 trillion API calls, currently delivering 25 billion searches each month across 8,000 websites and mobile apps.
Algolia serves 3,000 paying customers in 100 countries, principally across the ecommerce, media and Software-as-a-service (SaaS) industries.
With a product able to adapt and scale to startups and large enterprises, current customers include Periscope (Twitter), Twitch.tv (Amazon), Medium, Quiksilver and Fanatics.
The company intends to use the funds to continue to bring more search innovations to apps and websites.
Existing innovations include:
– Algolia Offline: mobile search in low- or no-connectivity areas.
– Algolia Places: address search for lightning-fast checkout and address lookup.
– Distributed Search Network: worldwide search network that brings fast search results to users wherever they are.
Algolia has offices in San Francisco, Paris, New York City and Atlanta.
FinSMEs
08/06/2017