Algolia
Algolia is the world’s only end-to-end AI search and discovery platform. The company delivers a combination of market-leading natural language processing and keyword via vector search – all uniquely packaged on a single API and supported by hyperscale indexing. The company’s vision, mission and purpose is ‘Powering Discovery’. Algolia achieves its vision by enabling more than 17,000 customers including Under Armour, Lacoste, Stripe, WW, Walgreens, Tag Heuer, Hershey, Harry Rosen, AllTrails and Rugs.com, to build blazing fast and relevant search and discovery experiences for their in-app users and/or online visitors (using any web, mobile or voice device) – by surfacing the desired content instantly and at scale. Algolia powers 1.75 Trillion search requests a year or more than 30 Billion a week – that’s four times more than the combined volume of Bing, Yahoo, DuckDuckGo, Baidu and Yandex). Algolia is used by one in six online users and more than 5 million developers a month. At the core of Algolia’s platform is hyper-scalability. During the 2022 Black Friday/Cyber Monday weekend, Algolia handled more than 100,000 search interactions a second without a single failure. One customer, Gymshark, experienced 15,000 queries per second with zero interruption to service. According to a Forrester Consulting study, customers gain a 382% Return on Investment with less than a 6 month payback period when deploying the Algolia Search and Discovery platform. Founded in 2012 in Paris, the company grew and subsequently moved its headquarters to San Francisco to expand its operations and penetrate the North American market.
Founding Year
2012
Headquarters
Palo Alto
,
United States
Sector(s)
SaaS
Funding State
Pre-Seed
Seed
Series A
Series B+
Exited
Total Funding Amount
$334.66M
Funds that Investested
Salesforce Ventures
For the most enterprising founders.
Pre-Seed
Seed
Series A
Series B+
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Storm Ventures
Storm Ventures is a venture capital firm focused solely on early-stage enterprise investments.
Pre-Seed
Seed
Series A
Series B+
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Accel
First partner to exceptional teams everywhere.
Pre-Seed
Seed
Series A
Series B+
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500 Global
Previously called 500 Startups, 500 Global has backed over 5,000 founders representing more than 2,600 companies operating in 80 countries. Their portfolio includes 51 companies valued at over $1 billion and 140 companies valued at over $100 million.
Pre-Seed
Seed
Series A
Series B+
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Y Combinator
Twice a year YC invests $500,000 per company in a large number of startups. They work intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day when the startups present their companies to a carefully selected, invite-only audience.
Pre-Seed
Seed
Series A
Series B+
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Point Nine
VC fund based in Germany that focuses on early-stage investments related to SaaS and digital marketplaces.
Pre-Seed
Seed
Series A
Series B+
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Initialized Capital
Early-stage VC firm focused on helping software engineers and designers with their first seed checks.
Pre-Seed
Seed
Series A
Series B+
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Index Ventures
Fund based in London, San Francisco and Geneva, helping entrepreneurs turn bold ideas into transformative international businesses. Index covers every investment stage, from earliest seed through to explosive growth.
Pre-Seed
Seed
Series A
Series B+
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Zillionize
Zillionize is a low friction startup investor with a portfolio of over 100 fast growing startups.
Pre-Seed
Seed
Series A
Series B+
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Investors that Investested
Christoph Janz
Managing Partner, Point Nine
Christoph co-founded Berlin-based Point Nine Capital in 2011. Along with partner Pawel Chudzinski, he has led investments in some of the most exciting European SaaS and marketplace startups over the past decade.
Pre-Seed
Seed
Series A
Series B+
Ilya Sukhar
General Partner, Matrix Partners
"At Parse, we set out to change how developers built apps -reaching millions of developers and powering hundreds of thousands of apps. From writing the first lines of code, managing the acquisition to leading the team as a semi-autonomous unit inside Facebook, it was both hard and great." "I led all of Facebook’s developer products including early efforts to build a developer platform in Messenger. It was a big change. Product-market fit and scale trump all. Facebook focuses on only a few important things and re-evaluates methodically -which is a huge advantage."
Pre-Seed
Seed
Series A
Series B+
Cindy Bi
General Partner, CapitalX
Enterprise focused early-stage VC with $100k-$500k checks via CapitalX.vc. Also invest in later stage via SPVs for $250k $2m or more. Since 2011, I’ve invested in over 100 startups with High Hit Rate including 12 x Unicorns. In addition, I've also invested in more than 10 VC funds. I know what it takes to build a high-impact company at different stages, as a long-time executive and operator, a former founder, and consultant at Accenture. Founders also love working with me for being an empathetic executive coach, cheerleader for the early team, and ambassador for their brand and community.
Pre-Seed
Seed
Series A
Series B+
Paul Graham
Founder, Y Combinator
Paul Graham is the author of On Lisp (1993), ANSI Common Lisp (1995), and Hackers & Painters (2004). In 1995, he and Robert Morris started Viaweb, the first SaaS company, which in 1998 became Yahoo Store. In 2002 he discovered a simple spam filtering algorithm that inspired the current generation of filters. He has an AB from Cornell and a PhD in Computer Science from Harvard.
Pre-Seed
Seed
Series A
Series B+
Michael Seibel
Managing Director, Early Stage and Group Partner, Y Combinator
Previously a co-founder and CEO of Justin.tv from 2007 2011 and the co-founder and CEO of Socialcam in 2012. Graduated from Yale University with a bachelor's degree in political science.
Pre-Seed
Seed
Series A
Series B+
Round-focused Sheets
Geography-focused Sheets
Sector-focused Sheets