Weaviate Raises $50M in Series B Funding
Summary
Weaviate, an Amsterdam, Netherlands-based developer of an AI-native vector database, raised $50M in Series B funding. The company intends to use the funds to expand its team and accelerate the development of its open source database and new Weaviate Cloud Service for the AI application development market. Led by CEO Bob van Luijt, Weaviate is the developer of the Weaviate open source vector database, which simplifies vector data management for AI developers and solves the problem of generating, storing, and searching embedding vectors and their corresponding objects. Since raising its series A funding in early 2022, Weaviate has seen open source downloads pass the 2 million mark. The company has also launched a new Weaviate Cloud Service, which gives developers the full power of the Weaviate database without any of the operational overhead.