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
Investors that Investested
Christoph Janz
Managing Partner, Point Nine
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Ilya Sukhar
General Partner, Matrix Partners
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Cindy Bi
General Partner, CapitalX
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Paul Graham
Founder, Y Combinator
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