Pinecone Announces $28M Series A Financing To Bring Search Into Ai Age

Mar 29, 2022•over 3 years ago

Amount Raised

$28 Million

Round Type

series a

San MateoArtificial IntelligenceScience And EngineeringData And AnalyticsSoftware

Description

Pinecone Systems Inc., a search infrastructure company, today announced the completion of a $28M Series A funding round to enable companies of all sizes to power search applications with AI. The funding round was led by Menlo Ventures, with participation from new investor Tiger Global and previous investors including Wing Venture Capital, who led the company's seed-stage financing. Since coming out of stealth last year Pinecone has emerged as the leader of a new generation of search technology with thousands of developers signing up for their vector-database product.

Company Information

Company

Pinecone

Location

San Mateo, California, United States

About

Pinecone has built the first vector database to enable the next generation of artificial intelligence (AI) applications in the cloud. Its engineers built ML platforms at AWS, DataBricks, Yahoo, Google, and Splunk, and its scientists published more than 100 academic papers and patents on machine learning, data science, systems, and algorithms. Pinecone operates in Silicon Valley, New York and Tel Aviv. For more information, see https://www.pinecone.io. Media Contact:Lazer Cohen lazer@westraycommunications.com+347-753-8256 SOURCE Pinecone Systems Inc

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech