Weaviate, an Amsterdam, Netherlands-based developer of an AI-native vector database, raised $50M in Series B funding.
The round was led by Index Ventures with participation from Battery Ventures and existing investors, including NEA, Cortical Ventures, Zetta Venture Partners, and ING Ventures.
The company intends to use the funds to expand its team and accelerate the development of its open source database and new Weaviate Cloud Service for the AI application development market.
Led by CEO Bob van Luijt, Weaviate is the developer of the Weaviate open source vector database, which simplifies vector data management for AI developers and solves the problem of generating, storing, and searching embedding vectors and their corresponding objects.
Since raising its series A funding in early 2022, Weaviate has seen open source downloads pass the 2 million mark. The company has also launched a new Weaviate Cloud Service, which gives developers the full power of the Weaviate database without any of the operational overhead.
FinSMEs
24/04/2023