Weaviate Receives $50 Million Investment

Weaviate.io announced that it has raised $50 million in a funding round led by Index Ventures with participation from Battery Ventures. Weaviate's existing investors NEA, Cortical Ventures, Zetta Venture Partners and ING Ventures also participated in this funding round. The investment will be used to expand the Weaviate team to serve the rapidly growing AI application development market and accelerate the development of the new Weaviate Cloud Service with its popular open source database.

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Artificial Intelligence Innovation Originates from Algorithmic "Vector Data"

The Weaviate database simplifies vector data management for AI developers. This technology solves the challenging problem of creating, storing and searching for embedded vectors and their associated objects. AI-native vector database capabilities include:

Weaviate continued to grow with the capital raised in an investment round in early 2022, surpassing the 2 million threshold of open source downloads. It launched a new Weaviate Cloud Service that allows developers to utilize the full capabilities of the Weaviate database. The service allows developers to use the Weaviate database without operational overhead and is available immediately. The service is available free of charge for 14 days.