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Algolia acquires Velou for AI product intelligence

PRIVATEOct 06, 2026

Acquiring Company

Algolia

Acquired Company

Velou

CaliforniaSan FranciscoInformation TechnologyInformation Technology

Description

Algolia has acquired Velou to enhance its AI product intelligence across various platforms. Velou’s multimodal AI capabilities will provide a new layer of intelligence to Algolia’s existing services. This move aims to improve customer-facing search experiences for retail and premium brands.

Company Information

Company

Algolia

Location

California, United States

About

The company now has over 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste. While the company doesn’t share revenue numbers directly, Algolia says that its annual recurring revenue has increased by 180% year over year. It means that Algolia is now a unicorn with a valuation above $1 billion. Algolia is now a big enterprise-focused company with a solid business. And the company has recruited quite a few senior executives over the past 18 months — 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).As you can see, it’s a long list of talented people, which means that Algolia is focused on building a long-term company instead of building cool technology and optimizing for an acquisition.

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Frequently asked

Who acquired Velou?

Velou was acquired by Algolia, based in California. The deal was reported on October 6, 2026. The company now has over 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste. Algolia is privately held and operates in Information Technology.

When did Algolia acquire Velou?

Algolia's acquisition of Velou was reported on October 6, 2026. Algolia has acquired Velou to enhance its AI product intelligence across various platforms. Velou’s multimodal AI capabilities will provide a new layer of intelligence to Algolia’s existing services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Velou do?

Velou brings product catalogs to life with AI-powered data enrichment, enabling retailers, brands and marketplaces to create intelligent catalogs that transform customer interactions. It is privately held, operating in Information Technology, and is based in San Francisco.

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