Vespa.ai, a Trondheim, Norway-based big data serving engine that recently became an independent venture after spinning out from Yahoo, secured $31 million in Series A funding.

SaaS Investors

The round was led by Blossom Capital.

Blossom Capital is a Series A venture capital firm that invests in European founders building global businesses. The firm invests in health care, technology, e-commerce, social media, and marketing sectors. Blossom Capital serves customers in the United Kingdom.

Vespa.ai Use of Funds

The company plans to use the funding to strengthen its engineering functions and deliver new features for its users. 

About Vespa.ai

Vespa.ai is a fully featured search engine and vector database. It supports vector search (ANN), lexical search, and search in structured data, all in the same query. Vespa is used by companies like Spotify, Yahoo, Wix, and many more. Its software is used by a range of brands for various purposes, including search, online personalization, recommendations, and ad serving.

Funding Details

Company: Vespa.ai

Raised: $31.0M

Round: Series A

Funding Month: November 2023

Lead Investors: Blossom Capital

Additional Investors: 

Company Website: https://vespa.ai/

Software Category: Search Engine and Vector Database

Source: https://techcrunch.com/2023/11/01/yahoo-spin-out-vespa-lands-31m-investment-from-blossom/