Company Overview
Snapshot
Founded in February 2021 by Ohad Levi and Max Nigri, Hyperspace operates with 11–50 employees. The company has raised $17 million across 4 funding rounds from 6 investors, with MizMaa Ventures participating in multiple rounds. In August 2024, Hyperspace secured a seed funding round.
Business overview
Hyperspace develops a hyper-performance hybrid search database that integrates keyword and vector search capabilities. This technology serves as a critical infrastructure element for a broad spectrum of AI applications, utilizing custom computing power to deliver faster searches than traditional databases. The company's solutions enable real-time, profound searches, measured in milliseconds, across various data types including videos, images, and text. Hyperspace primarily serves enterprise clients in sectors such as fraud prevention, e-commerce, and cybersecurity, operating within the Business Software sector, specifically in Data Analysis & Decision Support and Data Architecture.
Strategic signal
In August 2024, Hyperspace raised a seed funding round, which included participation from MizMaa Ventures and JVP. This investment highlights continued investor confidence in Hyperspace's domain-specific computing approach to accelerate database tasks, particularly for AI applications. The funding is intended to support the scaling of Hyperspace's database offering and the launch of a free, entry-level plan, signaling a strategic move towards broader market adoption and growth.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent funding event for Hyperspace?
- In August 2024, Hyperspace secured a seed funding round with participation from MizMaa Ventures and JVP.
- When was Hyperspace founded and by whom?
- Hyperspace was founded in February 2021 by Ohad Levi and Max Nigri.
- What is Hyperspace's core technology?
- Hyperspace provides a hyper-performance hybrid search database that combines keyword and vector search, leveraging custom computing power for accelerated database tasks in AI applications.
- Which investors have participated in Hyperspace's funding rounds?
- Investors in Hyperspace's funding rounds include MizMaa Ventures, JVP, toDay Ventures and Iron Nation
- What industries does Hyperspace's technology serve?
- Hyperspace's technology is applied in various industries, including recommendation systems, fraud detection, e-commerce, and cybersecurity, serving enterprise clients.