Algolia, a San Francisco, CA-based provider of an API-First Search & Discovery Platform, acquired Search.io, the San Francisco, CA-based provider of Neuralsearch – a vector search engine that uses hashing technology.
The amount of the deal was not disclosed.
With the acquisition, Algolia will combine its keyword search and Search.io’s Neuralsearch into a single API to offer an API-First Search and Discovery platform with a hybrid search engine, which comprises both keyword and semantic search in a single API.
Led by Hamish Ogilvy, chief executive officer and co-founder, Search.io offers a search and discovery service with AI engines, including Neuralsearch™, the world’s first instant AI search technology, and reinforcement learning for self-optimizing results. Businesses of all sizes use Search.io to build site search and discovery solutions that maximize e-commerce revenue, optimize on-site customer experience, and scale their online presence. Search.io currently serves billions of API requests every month on more than a thousand sites globally including BBC, Catch, Lockheed Martin, NSW Government, Rentpath, Sennheiser, Unity and many more.
Led by Bernadette Nixon, chief executive officer, Algolia provides an API-First Search and Discovery Platform with its hybrid search engine, which is a combination of keyword and vector-based semantic search via NeuralSearch technology, in a single API. It is used by over 12,500 companies including Under Armour, Birchbox, Stripe, Slack, Medium, and Zendesk to manage over 1.5 trillion search queries a year. The company is headquartered in San Francisco with offices in New York, Atlanta, Austin, Paris, London, Bucharest, and Sydney.
FinSMEs
19/09/2022