Algolia, a San Francisco, CA-based API Platform for Search & Dynamic Experiences, raised $150m in Series D funding at a post-money valuation of $2.25 billion.
The round, which brought total funding to $315m and is considered a pre-ipo funding, was led by Lone Pine Capital with participation from Fidelity Management & Research Company LLC, STEADFAST Capital Ventures, Glynn Capital, Twilio, and existing investors including Accel and Salesforce Ventures.
The company intends to use the funds to scale, serve the demand for its Search and Recommendations products, and accelerate continued global expansion into adjacent markets and use cases.
Led by Bernadette Nixon, CEO, Algolia provides an API platform for dynamic experiences that enable organizations to predict intent and deliver results. Its API-first approach allows developers and business teams to surface relevant content when wanted and building and optimizing online experiences that enhance online engagement, increase conversion rates, and value to generate growth. More than 10,000 companies including Under Armour, Lacoste, Birchbox, Stripe, Slack, Medium, and Zendesk use Algolia to manage over 1.5 trillion search queries a year.
The company also has offices in Paris, New York, Atlanta, Paris, London, and Bucharest.
The management team includes:
- Bernadette Nixon (chief executive officer, formerly of Alfresco),
- Michelle Adams (chief revenue officer, formerly of Dropbox),
- Carlton Baab (chief financial officer, formerly of Alfresco),
- Piyush Patel (chief business development officer, formerly of Capgemini),
- Jim Schattin (chief customer officer, formerly of Alteryx),
- Jason McClelland (chief marketing officer, formerly of Salesforce and Adobe), and
- Bharat Guruprakash (chief product officer, formerly of Twilio).
FinSMEs
28/07/2021
FinSMEs
28/07/2021