Relevance AI, a Sydney-based powerful developer-first vector platform to help developers do more with unstructured data and to aid data scientists rapidly experiment with vectors, raised $3 million in a seed round.
The round was led by US VC Insight Partners, which rarely heads into an early-stage investment, with participation from Galileo Ventures and Archangel Ventures.
Relevance AI plans to use the funding to expand its global customer base and triple its headcount to 25.
Company: Relevance AI.
Raised: $3.0M
Round: Seed Round
Funding Month: December 2021
Lead Investors: Insight Partners
Additional Investors: Galileo Ventures and Archangel Ventures
Company Website: https://relevance.ai/
Software Category: Vector experimentation platform
About the Company: Founded in 2020, Relevance AI is a machine learning SaaS startup building a platform to help companies and developers leverage machine learning vectors to extract business value from qualitative data such as text, images, audio, pdf, etc. Relevance AI is the developer-first Vector Platform to empower developers to experiment and build great vector-based AI applications, its mission is to accelerate developers to solve similarity and relevance problems through data. Relevance AI’s goal is to empower developers with the ability to experiment and analyze vectors for unstructured data analysis and to democratize a technique that is nearly exclusively used by large tech companies such as Google, Facebook, TikTok, and Spotify.
Source: https://relevance.ai/relevance-ai-raises-3m-usd-from-insight-partners-to-build-a-developer-first-vector-platform/