Vectara, Inc. Asset Profile

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Year established

2022

Location

Palo Alto CA US

Primary Industry

Software

About

Based in California, US, and founded in 2022 by CEO Amr Awadallah, Amin Ahmad, and Tallat Shafaat, Vectara, Inc., a.k.a. Vectara is a provider of an AI (artificial intelligence) based neural search as a service, leveraging large language models to understand the intent behind user queries and bring meaning to search. In May 2023, Vectara, Inc. raised USD 28.5 million in series B funding led by Race Capital. The company provides a SaaS-based machine learning-powered text search platform that uses neural search technology to serve websites and applications for delivering search results with relevance from several document types. The platform enables customers to understand the intent and meaning behind user questions and increases search relevance compared to keyword-based algorithms. In addition, the firm’s APIs can be implemented by a wide skill set of developers to build search within their sites and applications. Vectara generates revenue from the subscription of its platform packages, which include Growth and Scale. The company plans to use its proceeds from October 2022 funding to support the launch of its initial products and the growth of its operating team.

Current Investors

Vertex Ventures, Race Capital, Transform VC

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Primary Industry

Software

Sub Industries

Analytics & Performance Software

Website

www.vectara.com

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Series A

Total Amount Raised

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Employee Data

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