Tech
AI search startup Pinecone has raised $28 million backed by Tiger Global and Menlo Ventures — we got a look at its 18-slide Series A pitch deck
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- California startup Pinecone helps other firms make their internal search apps as good as Google.
- The firm has raised $28 million in a Series A round backed by Tiger Global Management.
- Insider got an exclusive look at the pitch deck Pinecone used to bring investors on board.
Pinecone, a California startup helping other businesses improve their search using AI, just raised $28 million in a Series A funding round.
Founded in 2019, Pinecone came out of stealth mode last year, and has since won the backing of Tiger Gl0bal Management and Menlo Ventures, which has previously invested in Uber and Siri before it was acquired by Apple.
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Beyond Google or Bing, all kinds of businesses require search functionality to find and trawl through information.
Pinecone’s enterprise database software enables “vector search,” an AI-driven form of search used by Google and others. Unlike old-school search techniques, which return answers primarily based on keywords, Pinecone searches through AI-generated interpretations of content to provide more relevant results and recommendations.
This was once the preserve of a handful of major search engine firms. Pinecone says its clients — other search engines, social media platforms, and e-commerce sites — use its software to improve their customers’ chances of finding what they’re looking for.
“AI has changed the way we interact with our data, and those who don’t react quickly enough will be left behind,” said cofounder and CEO Edo Liberty.
Insider got an exclusive look at the pitch deck Pinecone used to bring investors on board. Check it out below: