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Weaviate is a Dutch AI company focused on the development of native vector database technology for AI.

Company Overview

• Established:: 2019
• The industry you belong to: Artificial Intelligence
• Headquarters location: The Netherlands
• arm: Branches in the Netherlands, the United States, Canada, etc.
• Team Members: Over 30 team members

Core Technology and Products

• Main products: Weaviate Vector Database, an AI-native vector database that is critical to the development of AI applications, including generative AI. It is used to generate, store, share and search millions or even billions of vectors in real-time.
• Technical characteristics::
  • Scalable built-in machine learning (ML) modules: Users just load and search, Weaviate takes care of the ML heavy lifting, supporting any data type, any model, any use case.
  • Richer Vector Search: Various ML searches are supported, as well as searches for vectors and source objects that generate vectors.
  • high performance: Provides sub-second searches that scale to billions of objects and can run without interruption.

History and Financing

• Milestones::
  • Weaviate originated from SeMI Technology, a spin-off from the original ING Labs.
  • Since its inception, Weaviate has been committed to advancing the development of native vector database technology for artificial intelligence and has received extensive attention from the industry.
• Financing::
  • In April 2023, Weaviate announced a $50 million Series B funding round led by Index Ventures with participation from Battery Ventures. The round also included Weaviate's existing investors such as NEA, Cortical Ventures, Zetta Venture Partners and ING Ventures.
  • The funding is being used to expand the Weaviate team and accelerate the development of its popular open source database and new Weaviate Cloud service for the rapidly growing market for AI application development.

Markets & Applications

• positioning (marketing): Weaviate is positioned to provide AI developers with core infrastructure components that help them solve the challenges of generating, storing and searching for embedded vectors and their corresponding objects.
• Application Areas: The Weaviate database is widely used in a variety of scenarios that require real-time processing and searching of large numbers of vectors, such as customized search and recommendation systems, ChatGPT plug-ins, and so on.

Management Team

• CEO, Chief Executive Officer: Bob van Luijt, with experience as a senior engineer, focuses on enabling democratized search.
• Chief Technology Officer: Etienne Dilocker, who also has a deep technical background.
• Chief Operating Officer: Micha Verhagen, with the CEO and CTO, to drive Weaviate's growth.

Honors and Achievements

• Named to Forbes AI 50 list: On April 16, 2024, Weaviate was named to the 2024 Forbes AI 50 list, further demonstrating its leadership and excellence in artificial intelligence.
• Open source downloads break through: Since raising Series A funding in early 2022, Weaviate has passed the 2 million open source download mark.

Weaviate is a company with significant impact and innovation in the field of native vector database technology for artificial intelligence. Its technology is leading, its products are excellent, its team is professional, its financing is successful, and it has made remarkable achievements in the market. With the continuous development of AI technology and market expansion, Weaviate is expected to achieve even more brilliant achievements in the future.