SeMI Technologies, an Amsterdam, Netherlands-based developer of the open-source Weaviate vector-search database, closed a $16 million Series A financing.
The round was co-led by New Enterprise Associates (NEA) and Cortical Ventures. This investment follows a previously unannounced $1.6 million seed financing led by Zetta Venture Partners with ING Ventures also participating, in August 2020.
The investment will allow SeMI to grow its team, user community, and roster of partners; increase the number of use cases; and create and fine-tune its ML models and modules.
Company: SeMI Technologies B.V.
Raised: $16.0M
Round: Series A
Funding Month: February 2022
Lead Investors: New Enterprise Associates (NEA) and Cortical Ventures
Additional Investors:
Company Website: https://www.semi.technology/
Software Category: AI-based search engine
About the Company: Founded in 2019 by Bob van Luijt, Micha Verhagen, and Etienne Dilocker SeMI Technologies builds core software infrastructure for AI-first applications. The Weaviate vector-search engine is their open-source flagship, Weaviate is an open-source vector search engine that stores both objects and vectors, allowing for combining vector search with structured filtering with the fault-tolerance and scalability of a cloud-native database, all accessible through GraphQL, REST, and various language clients. It is headquartered in Amsterdam, The Netherlands.
Source: https://www.prnewswire.com/news-releases/semi-technologies-16m-series-a-round-highlights-a-new-wave-of-ai-first-database-tech-301486766.html