Weaviate Raises $50 Million Series B Funding To Meet Soaring Demand For Ai Native Vector Database Technology
Amount Raised
$50 Million
Round Type
Series B
AmsterdamArtificial IntelligenceMachine LearningInvestors
Description
Weaviate.io, developer of the AI-native Weaviate vector database, today announced a $50M round of funding led by Index Ventures with participation from Battery Ventures. Weaviate's existing investors, including NEA, Cortical Ventures, Zetta Venture Partners, and ING Ventures also joined this round. The capital will be used to expand the Weaviate team and accelerate the development of its popular open source database and new Weaviate Cloud Service to satisfy the rapidly growing AI application development market.
Quick answer
Weaviate raised $50 Million in a Series B round, dated April 21, 2023. Investors: New Enterprise Associates, ING Ventures, Zetta Venture Partners, Cortical Ventures, Battery Ventures and Index Ventures. Weaviate is based in Amsterdam, North Holland, Netherlands.
- How much did Weaviate raise?
- Weaviate raised $50 Million in a Series B round on April 21, 2023.
- Who invested in Weaviate?
- New Enterprise Associates, ING Ventures, Zetta Venture Partners, Cortical Ventures, Battery Ventures and Index Ventures are named as investors in this round.
- What does Weaviate do?
- Weaviate is a cloud-native, real-time vector database that allows you to bring your machine-learning models to scale.
- Where is Weaviate based and how big is it?
- Weaviate is based in Amsterdam, North Holland, Netherlands.
Source: Fundz verified event record.
Who else raised in Artificial Intelligence and Machine Learning around the same time
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