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Algolia Raises $110 Million in Series C Funding
webThis is a 2019 funding announcement for Algolia, a search-as-a-service company. It has minimal direct relevance to AI safety, though search and discovery infrastructure can be tangentially related to AI deployment and information access at scale.
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Summary
Algolia announced a $110 million Series C funding round in October 2019, led by Accel with participation from Salesforce Ventures. The company provides Search-as-a-Service APIs and tools to over 8,000 customers including Stripe, Slack, and Sephora. The funding reflects growing demand for personalized, developer-friendly search and discovery solutions.
Key Points
- •Algolia raised $110M in Series C funding led by Accel, with Salesforce Ventures also participating.
- •The company serves over 8,000 customers with search-as-a-service APIs and analytics tools.
- •Notable customers include Stripe, Slack, Intuit, Sephora, LVMH, and Lacoste.
- •Algolia integrates with Salesforce Commerce Cloud to deliver personalized digital commerce experiences.
- •The funding reflects market demand for flexible, developer-friendly search infrastructure.
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Algolia Raises $110 Million in Funding | Algolia
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Algolia Raises $110 Million in Funding
Series C Investment from Accel and Salesforce Ventures Reflects Growing Need to Deliver World-class Search and Discovery Experiences
May 14, 2024 at 04:30 PM India Standard Time
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SAN FRANCISCO, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Algolia , the leading Search and Discovery solution, today announced it has raised $110 million in funding. The company’s Series C was led by existing investor Accel, with additional investments from Salesforce Ventures and several other leading firms.
There are over 4.5 billion people on the web today1. They are searching across 1.8 billion websites2 and millions of apps3. Algolia’s mission is to help businesses of any size take control of how people search, discover, and find their products and content through a personalized and relevant experience. Algolia’s Search-as-a-Service solution and suite of APIs are purpose-built to be developer-friendly and easy to implement while its analytics, personalization, and A/B testing capabilities enable business users to maximize growth.
The company is experiencing explosive growth with over 8,000 customers using Algolia’s technology to delight their users by presenting the products and content they want in milliseconds. Leading companies including Stripe, Slack, Intuit, Discovery, Sephora, Lacoste, LVMH, and Birchbox use Algolia to deliver fast, engaging, and relevant digital experiences that drive results.
“For too long, organizations have had to choose between building resource-intensive search tools by themselves and using lower-cost — but inflexible — set-it-and-forget-it search solutions,” said Nicolas Dessaigne, Co-founder and CEO, Algolia. “Algolia solves for both by removing the cost and complexity of building search, while empowering businesses to create tailored experiences that engage and delight customers. Our rapid customer growth underscores both the market’s need to deliver amazing consumer experiences, and Algolia’s ability to help customers achieve these experiences.”
“With a world-class team of search experts and a passionate customer base, Algolia has become the market leader in Search-as-a-Service,” s
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