Algolia has raised $53 million in Series B funding round led by Accel US. New investors, including Jason Lemkin’s SaaStr fund, Jyoti Bansal (founder and chairman of AppDynamics), Clark Valberg (co-founder and CEO of InVision) and Des Traynor (co-founder and CSO of Intercom) participated in the round as well as existing investors Alven Capital, Point Nine Capital and Storm Ventures.
Founded in 2012, Algolia provides a hosted search API that allows businesses, whether ecommerce stores, media sites or SaaS products, to build a search engine for their app or website, delivering highly relevant results at lightning-fast speed.
Algolia is the most reliable platform for building search into your business.
Algolia has over 3,000 customers in 100 countries, with offices in San Francisco, Paris, New York City and Atlanta.
With its latest fundraising round, Algolia will continue to invest in bringing more search innovations to every app and website. Existing innovations include:
- Algolia Offline: lightning-fast mobile search in low- or no-connectivity areas
- Algolia Places: easy-to-integrate address search for lightning-fast checkout and address lookup.
- Distributed Search Network: the first worldwide search network that brings lightning-fast search results to your users anywhere in the world