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 ($)
$100.0MApr 2023
$110.0MJan 2021
$138.0MMar 2022
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
Photos & Videos
No files yet
Pinecone Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsData ArchitectureTarget Customer
Enterprise & Professional ServicesMarketing & SalesCommerce & RetailCore Technology
Artificial IntelligenceMachine LearningPlatforms & InterfacesAPITags (8)
advertisingsemantic-searchretailersrecommendationsmachine-learningartificial-intelligenceanomaly-detectionpersonalizationPinecone Financials
$138M
Total funding
Undisclosed
Capital raised
$100M
Last funding
B
Funding stage
3
Total rounds
5
Investors
Cumulative Funding Raised Over Time ($)
$100.0MApr 2023
$110.0MJan 2021
$138.0MMar 2022
Private Equity Funding
B Round
Apr 2023
$100M
Andreessen Horowitz (Lead)
,
ICONIQ Growth, Menlo Ventures, Wing Venture Capital
A Round
Mar 2022
$28M
Menlo Ventures (Lead)
,
Tiger Global Management, Wing Venture Capital
Seed
Jan 2021
$10M
Wing Venture Capital
Pinecone Lifecycle
Cumulative Funding Raised Over Time
$100.0MApr 2023
$110.0MJan 2021
$138.0MMar 2022
All Events
B Round
Apr 2023
$100M
Andreessen Horowitz (Lead)
,
ICONIQ Growth, Menlo Ventures, Wing Venture Capital
A Round
Mar 2022
$28M
Menlo Ventures (Lead)
,
Tiger Global Management, Wing Venture Capital
Seed
Jan 2021
$10M
Wing Venture Capital
Pinecone News
12 articles
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
growth-positive
Pinecone Grows with Tech Leaders Lauren Nemeth as New COO and Bob Muglia as Fifth Board Member
Pinecone, a leading vector database company, has announced the addition of Lauren Nemeth as COO and Bob Muglia as a board member. This comes as the company celebrates its five-year anniversary and the recent general availability of its flagship offering, Pinecone serverless. The company aims to improve the quality of generative AI results and reduce hallucinations by using a vector database for retrieval-augmented generation (RAG). Pinecone has over 5,000 customers globally and has raised $138M in funding from investors including Andreessen Horowitz, ICONIQ Growth, Menlo Ventures, and Wing Venture Capital.
Management ChangesExpand
growth-positive
Top 5 most promising AI startups in Israel - 2024 | CTech
Exodigo, Pinecone, FundGuard, Robust Intelligence, and D-ID are the top five AI companies in Calcalists annual list of the Top 50 Most Promising Israeli Startups. Exodigo, founded by IDF intelligence unit alumni, has developed an AI solution for underground mapping. Pinecones vector database has disrupted the search infrastructure market. FundGuard has developed a cloud-native SaaS platform for investment management powered by AI. Robust Intelligence develops an AI Firewall that monitors and corrects data in real time. D-ID focuses on the humanization of bots.
Investment
growth-positive
Pinecone drops $100M investment on $750M valuation, as vector database demand grows
Pinecone, a vector database company, has announced a $100 million Series B investment on a $750 million post valuation. The company has experienced significant growth, attracting 1,500 customers, including Shopify, Gong, and Zapier. Pinecones vector database, which is built for semantic search, offers flexibility and efficiency in managing knowledge compared to LLMs. The investment, led by Andreessen Horowitz, will support Pinecones expansion plans, with the company aiming to hire more employees and reach a headcount of 150-200 by the end of the year. The vector database is seen as a key component in the AI data stack and can work together with LLMs to provide more precise answers and act as long-term memory. Pinecone has raised a total of $138 million in funding.
InvestmentExpand
growth-positive
Pinecone Announces New Features to Lower the Barrier of Entry for Vector Search - insideBIGDATA
Pinecone Systems Inc. has announced the release of new features and enhancements that make it easier for developers to get started with vector search. The new release addresses technical challenges and simplifies and speeds up vector search. Pinecone now offers vertical scaling, allowing companies to accommodate more data on a live index with zero downtime. The new Collections feature allows engineers to experiment with and store vector data in one place. Pinecone is also launching p2 pods that provide faster search speeds and higher throughput. These new features aim to make it easier and more cost-effective for engineers to start and scale a vector database in production.
Expand
growth-positive
יוצאי אמזון מבטיחים: "מפתחים יוכלו להוסיף יכולות חיפוש מתקדמות תוך כדי הפסקת צהריים"
Israeli startup Pinecone, founded by former Amazon engineers, has developed a product that allows developers to add advanced search capabilities to their applications within minutes. The company describes its product as the worlds first vector database, specifically designed for semantic search. Pinecone has raised $28 million in a Series A funding round led by Menlo Ventures, with participation from Tiger Global, Wing Ventures, and former Snowflake CEO Bob Muglia.
Investment
growth-positive
Pinecone announces $28 million Series A for search technology solution CTech
Israeli startup Pinecone Systems has completed a $28 million Series A funding round led by Menlo Ventures. The companys vector database product provides search infrastructure for engineering teams to easily implement AI-powered search into their applications. Pinecone will use the funding to grow its product, customer success, and R&D teams, as well as invest in core research on machine learning, information retrieval, and natural language processing. The funding will also help Pinecone modernize search systems and meet customer expectations. The company was founded by former Amazon developers and has offices in New York and Tel Aviv.
InvestmentExpand
growth-positive
Pinecone leaves stealth with $10M, launches first serverless vector database for machine learning
Pinecone Systems Inc., a machine learning cloud infrastructure company, has emerged from stealth mode with $10 million in seed funding led by Wing Venture Capital. Pinecone builds infrastructure to enable the next wave of AI applications in the cloud, with its vector database supporting large-scale real-time applications. The companys unique vector database allows ML and data infrastructure engineers to transform and index billions of high-dimensional vectors, enabling accurate and fast queries. Pinecones technology has already been used by a large retailer to improve real-time shopping recommendations, resulting in an 18.5% increase in revenue per recommendation. The company operates in Silicon Valley, New York, and Tel Aviv.
Investment
Pinecone Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 131 |
| Team members | 3 |
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Pinecone Internal
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Admin Info
| Confidence | 89/100 |
| Missing | video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 516090081 |
| Crunchbase | pinecone |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-09-03T00:00:00.000Z |
| Created | 2021-01-27T00:00:00.000Z |