How much did Zilliz raise?

Zilliz raised $60 Million in a Series B round on August 24, 2022.

Who are the decision-makers at Zilliz?

Fundz holds 2 contacts at Zilliz, including the Director of Human Resources. Names and contact details are shown to Fundz members.

Vector Database Company Zilliz Raises $60 Million Series B Extension To Expand Its Operations In Silicon Valley

PRIVATEAug 24, 2022

Amount Raised

$60 Million

Round Type

Series B

San FranciscoSoftwareArtificial IntelligenceAnalyticsMachine LearningNatural Language ProcessingBig Data

Description

Zilliz, a leading vector database company and the inventor of Milvus, announced today that it has raised a $60 million extension to its initial $43 million Series B. Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, led the round, with participation from existing investors Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, and Yunqi Capital. This brings total investment in the company to $113 million. Following the opening of its Silicon Valley headquarters, Zilliz will use this influx of funding to expand both engineering and go-to-market teams

Quick answer

Zilliz raised $60 Million in a Series B round, dated August 24, 2022. Zilliz is based in San Francisco, California, United States.

How much did Zilliz raise?: Zilliz raised $60 Million in a Series B round on August 24, 2022.
What does Zilliz do?: Zilliz is a leading vector database company for production-ready AI.
Where is Zilliz based and how big is it?: Zilliz is based in San Francisco, California, United States.
Who are the decision-makers at Zilliz?: Fundz holds 2 contacts at Zilliz, including the Director of Human Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Analytics and Natural Language Processing around the same time

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

Tellius raised $16M on September 14, 2022.
Datavault AI raised $3M (Seed) on August 15, 2022.
Nightfall AI raised $40M (Series B) on August 10, 2022.
Silveredge Government Solutions raised $12M on October 7, 2022.
Automation Anywhere, Inc. raised $200M (Funding Round) on October 3, 2022.
TrueFoundry raised $2.3M (Seed) on September 20, 2022.

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Company Information

Company

Zilliz

Location

San Francisco, California, United States

About

Zilliz is a leading vector database company for production-ready AI. Built by the engineers who created Milvus, the world's most popular open-source vector database, Zilliz is on a mission to unleash data insights with AI. The company builds next-generation database technologies to help organizations rapidly create AI/ML applications and unlock the potential of unstructured data. By taking the burden of complex data infrastructure management off of its users, Zilliz is committed to bringing the power of AI to every corporation, every organization, and every individual. Headquartered in San Francisco, Zilliz is backed by a number of prestigious investors, including Aramco's Prosperity7 Ventures, Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others. Zilliz's technologies and products help over 1000 organizations worldwide easily create AI applications in various scenarios, including computer vision, image retrieval, video analysis, NLP, recommendation engines, targeted ads, customized search, smart chatbots, fraud detection, network security, new drug discovery, and much more. Learn more at zilliz.com or follow @zilliz_universe. www.zilliz.com

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Related People

2 contacts

Verified contactsAaron Z., Director of Human Resources hidden hidden hiddenSee plans and pricing

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What this usually means

Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

Zilliz 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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