Fundz

Jina Ai Raises $30 Million To Scale Open-Source Neural Search Ecosystem

PRIVATENov 22, 2021

Amount Raised

$30 Million

Round Type

Funding Round

Information TechnologySoftwareReal EstateScience And EngineeringAdministrative Services

Description

Jina AI, an open-source neural search company, today announced $30 million in Series A financing. Canaan Partners led the round with participation from new investors including Mango Capital, as well as existing partners GGV Capital, SAP.iO and Yunqi Partners. All of Jina AI's investors are betting on the future of search being built on neural networks. The company, only founded in February 2020, has already raised $39 million in total.

Quick answer

Jina Ai raised $30 Million in a Funding Round round, dated November 22, 2021.

How much did Jina Ai raise?
Jina Ai raised $30 Million in a Funding Round round on November 22, 2021.
What does Jina Ai do?
The company, only founded in February 2020, has already raised $39 million in total.

Source: Fundz verified event record.

Who else raised in Real Estate and Science And Engineering around the same time

Companies in the same sectors as Jina Ai that raised within 45 days of this round, from Fundz verified event records.

  • Brikl raised an undisclosed amount (Funding Round) on December 23, 2021.
  • Haystacks.Ai raised $5M (Seed) on December 16, 2021.
  • MoEngage raised an undisclosed amount (Funding Round) on December 8, 2021.
  • MoEngage raised $30M (Funding Round) on December 7, 2021.
  • MoEngage raised $30M (Funding Round) on December 7, 2021.
  • iD Fresh Food raised $68M (Funding Round) on January 5, 2022.

Who to call at Jina Ai, and when

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Company Information

Company

Jina Ai

About

The company, only founded in February 2020, has already raised $39 million in total. The company recently released another product called Finetuner, which lets users tune a neural search system to their enterprise's unique needs. Another European legal-tech startup uses Jina to enable a question-answering experience on their millions of PDF documents, enabling them to pinpoint the crucial facts and terms via chatbot. The company also plans 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 truly global, high-performing team. Xiao believes this focus will enable Jina AI to stay competitive in the open-source domain.

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Jina Ai raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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