Algolia Raises $150M in Series D Funding; Valued at $2.25 Billion

Funding Rounds

▤ Summary

Algolia, a San Francisco, CA-based API Platform for Search & Dynamic Experiences, raised $150m in Series D funding at a post-money valuation of $2.25 billion. The company intends to use the funds to scale, serve the demand for its Search and Recommendations products, and accelerate continued global expansion into adjacent markets and use cases. Led by Bernadette Nixon, CEO, Algolia provides an API platform for dynamic experiences that enable organizations to predict intent and deliver results. Its API-first approach allows developers and business teams to surface relevant content when wanted and building and optimizing online experiences that enhance online engagement, increase conversion rates, and value to generate growth. More than 10,000 companies including Under Armour, Lacoste, Birchbox, Stripe, Slack, Medium, and Zendesk use Algolia to manage over 1.5 trillion search queries a year.

$ Funding

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Amount $150.0M Total raised
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Date July 28, 2021 Announcement date
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Investors Algolia Lead investors
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Company http://www.algolia.com Funded company

▥ Classifications

industries
No industries detected
applications
Anti Piracy

◇ AskAI Classifications

Labels
Search Technology SaaS AI Search

▦ Linked Companies

Algolia
$100M to $250M