Jina Raises $30 Million in Series A  

by Kay Aloha Villamor in November 23rd, 2021

Jina, a Berlin, Germany-based open-source neural search company, raised $30 million in Series A funding.

The round was led by Canaan Partners, with participation from Mango Capital, GGV Capital, SAP.iO, and Yunqi Partners. The company has raised $39 million in total.

Jina intends to use the funds to continue research and development on new product categories in building its neural search ecosystem, and to ensure the best user experience in production.

Also plan to double its team by the end of 2022 by setting roots in North America early next year and hiring remote workers to build a global team.

 Company: Jina AI GmbH

Raised: $30.0M

Round: Series A

Funding Month: November 2021

Lead Investors: Canaan Partners

Additional Investors: Mango Capital, GGV Capital, SAP.iO, and Yunqi Partners

Company Website: http://jina.ai/

Software Category: cloud-native neural search powered by state-of-the-art AI and deep learning

About the Company: Led by Dr. Han Xiao, founder, and CEO, Jina AI is a Neural Search Company, providing cloud-native neural search powered by state-of-the-art AI and deep learning. Jina AI provides search solutions that leverage actionable insights from unstructured data to make more effective business decisions. With its core project, Jina, which is being built in the open on GitHub, users can create a cloud-native neural search solution powered by deep learning in hours, which is suited to business environments that require a fast and lightweight development cycle. Today, Jina AI has amassed a developer community of over 1,000 strong and has seen widespread adoption of its Jina framework, enabling neural search applications for use cases as diverse as 3D assets for gaming content production, images on e-commerce sites, and a Q&A chatbot that understands hybrid queries.

Source: https://www.finsmes.com/2021/11/jina-ai-raises-30m-in-series-a-funding.html




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