Jina, a Berlin, Germany-based open-source neural search company, raised $30M in Series A funding.
The round was led by Canaan Partners with participation from Mango Capital, GGV Capital, SAP.iO and Yunqi Partners.
The company, which has raised $39m in total, intends to use the funds to continue research and development on new product categories in building its neural search ecosystem, and to ensure the best user experience in production, and to double its team by the end of 2022 by setting roots in North America early next year and hiring remote workers to build a global team.
Led by Dr. Han Xiao, founder and CEO, Jina AI provides search solutions that leverage actionable insights from unstructured data to make more effective business decisions. With its core project, Jina, which is being built in the open on GitHub, users can create a cloud-native neural search solution powered by deep learning in hours, which is suited to business environments that require a fast and lightweight development cycle. The company recently released another product called Finetuner, which lets users tune a neural search system to their enterprise’s unique needs.
Today, Jina AI has amassed a developer community over 1,000 strong and has seen widespread adoption of its Jina framework, enabling neural search applications for use cases as diverse as 3D assets for gaming content production, images on e-commerce sites and a Q&A chatbot that understands hybrid queries.
FinSMEs
22/11/2021