Algolia raises $110m to support its tremendous growth

News

Algolia, the leading Search and Discovery solution, today announced $110 million in Series C funding led by existing investor Accel, including new investor Salesforce Ventures, and participating investors Alven, DAG Ventures, Founders Circle, Owl Rock, SaaStr Fund and World Innovation Lab.

Backed by Alven since its 2013 seed round, re-upped in both its Series A and more recently its Series B rounds, Algolia helps businesses take control of how people search, discover and find their products and content through a personalized, relevant experience.

Algolia’s search-as-a-service solution and suite of APIs have been experiencing explosive growth with over 8,000 customers using Algolia, including leading companies such as Stripe, Twitch, Slack, Intuit, Discovery Inc., Sephora, Lacoste, LVMH, and Birchbox, leveraging Algolia to deliver fast, engaging and relevant digital experiences that drive results. 

 

The company will use the funds to support its tremendous growth by focusing on further global expansion across the U.S., Europe and Asia-Pacific. The investment will also support research and development teams to continue innovating and evolving Algolia’s Search-as-a-Service platform, focusing on personalization, machine learning and voice search capabilities. 

 

As a believer in Algolia since its inception, Alven is proud to continue to supporting the team through the next stages of its growth, and wishes all the best to the team!


Share

ENGINEERING AI PLATFORM NEURAL CONCEPT RAISES A $27 MILLION SERIES B TO ACCELERATE GLOBAL GROWTH

Neural Concept the leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, has raised $27 million in a Series…

Read

Carbonfact raises $15M to help the fashion industry decarbonize faster

The fashion industry is responsible for up to 10% of annual global carbon emissions, more than all international flights and maritime shipping…

Read

Indy, the leading accounting automation platform for sole traders and freelancers, has raised €40 million ($44 million) in a Series C funding round led by BlackFin Capital Partners

The fresh cash injection takes the start-up’s total capital raised up to €86 million to date and follows its €35m Series B…

Read