SeMI Technologies Raises $16M in Series A Funding
Summary
SeMI Technologies, an Amsterdam, The Netherlands-based provider of open-source Weaviate vector-search database, raised $16M in Series A funding. The company intends to use the funds to focus on making Weaviate the de facto standard in open-source vector search. Originally spun out of ING Labs by CEO Bob Van Luijt, CTO Etienne Dilocker, and COO Micha Verhagen, SeMI Technologies builds core software infrastructure for AI-first applications. SeMI gives customers the option of running it on their infrastructure (allowing them to maintain control of their data, safely behind their own firewalls) or as a managed SaaS offering with one-click access. Hundreds of users have applied Weaviate in more than 100 different use cases in technology, finance, media, cybersecurity, health care, and many other industries.
Funding
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