Pinecone Overview
Pinecone builds infrastructure to enable AI applications in the cloud. The company's vector database supports large-scale production deployments of real-time applications such as personalization, semantic text search, image retrieval, data fusion, deduplication, recommendation, and anomaly detection. Using Pinecone's vector database, machine-learning and data infrastructure engineers can dynamically transform and index billions of high-dimensional vectors. They can answer queries like nearest neighbor and max-dot-product search accurately and in milliseconds. Pinecone's database is 100% serverless and API driven, which means customers always have the computing resources they need, when they need them, without having to worry about infrastructure or maintenance.
Cumulative Funding Raised Over Time ($)
Latest News
growth-negative
Ash Ashutosh, a veteran entrepreneur, takes the helm to accelerate Pinecone’s growth, while Liberty shifts focus to advancing the company’s scientific vision of making AI “knowledgeable.”
Pinecone, an Israeli-founded company known for its vector database technology, is undergoing significant changes. Ash Ashutosh has been appointed as the new CEO, while founder Edo Liberty transitions to chief scientist. This leadership change comes amid heightened competition in the vector database sector and follows the loss of a key customer, Notion. Pinecone is exploring potential sale options and further capital raising, with potential buyers including Oracle, IBM, MongoDB, and Snowflake. The company, which has raised $138 million and reached a $750 million valuation, is a key player in the AI infrastructure space, serving over 5,000 customers globally.
Management ChangesCustomersInvestment
growth-positive
/PRNewswire/ -- Pinecone, the leading vector database, has appointed accomplished entrepreneur and tech veteran Ash Ashutosh as its new CEO. Ash will focus on...
Pinecone, a leading vector database company, has appointed Ash Ashutosh as its new CEO to lead its growth phase. The companys founder, Edo Liberty, transitions to the role of Chief Scientist to focus on advancing Pinecones AI innovations. Pinecone has a strong customer base of over 5000 clients across various industries and has raised $138 million in funding from notable investors such as Andreessen Horowitz and ICONIQ. The company is based in New York and is committed to making AI more knowledgeable and effective.
Management ChangesInvestmentCustomers
growth-negative
According to The Information, Oracle, IBM, MongoDB and Snowflake are seen as possible suitors for the Israeli-founded AI infrastructure firm.
Pinecone, an Israeli-founded AI infrastructure firm, is exploring a potential sale amid increasing competition in the database sector and the loss of a key customer, Notion. The company, known for its vector database technology that supports AI systems, is in early talks with investment bankers to assess strategic options. Potential acquirers include Oracle, IBM, MongoDB, and Snowflake. Pinecone recently raised $100 million at a $750 million valuation in a funding round led by Andreessen Horowitz, with participation from ICONIQ Growth, Menlo Ventures, and Wing Venture Capital. The company operates from offices in Tel Aviv, New York, and San Francisco.
CustomersInvestmentAcquired-by
/PRNewswire/ -- Pinecone – the leading vector database for building accurate and performant AI applications at scale in production – is proud to have been...
growth-positive
/PRNewswire/ -- With its vector database at the core, Pinecone, the leading knowledge platform for building accurate, secure, and scalable artificial...
Pinecone, a leading AI knowledge platform, has announced new integrated inference capabilities, enhancing its vector database with proprietary models and third-party integrations like Coheres Rerank 3.5 model. These advancements aim to improve AI application accuracy by up to 48% and streamline development processes. Pinecones platform now includes enhanced security features and supports AWS PrivateLink, reflecting its commitment to enterprise-grade security. Recognized as the AWS GenAI Innovator Partner of the Year, Pinecones collaboration with AWS allows customers to leverage Amazon Bedrock Knowledge Bases for more effective AI development. With over 5000 customers and $138M in funding from investors like Andreessen Horowitz, Pinecone is poised for significant growth in the AI sector.
PartnersInvestmentCustomers
| Sector | Business Software |
Funding
| Total funding | $138M |
| Last funding | $100M |
| Stage | B |
| Rounds | 3 |
| Investors | 5 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.pinecone.io/ |
| Careers | Careers page |
Locations
Tel Aviv, Israel
San Francisco, CA, USA
New York, NY, USA
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