Marqo, a Melbourne, Australia-based startup enabling AI-powered search and discovery, raised US$5.2M in Seed funding.
The round was led by Blackbird Ventures, with participation from Creator Fund, January Capital, and Cohere’s co-founders, Ivan Zhang and Aidan Gomez.
The company intends to use the funds to scale its existing cloud service and build search technology that learns from user engagement to continuously improve relevance.
Founded by Jesse Clark and Tom Hamer, Marqo is an end-to-end, multimodal vector search engine that uses machine learning models to return more accurate search results by understanding content and meaning. Users can search using text, images, or a combination of both. The technology initially targets end-user search (ecommerce, marketplaces) but has applications in generative AI, analytics and security. The new service, currently in closed beta, allows the machine learning models to automatically learn from user engagement and continuously improve the relevance of the vectors. With Marqo, users can implement AI-powered search, leveraging machine learning models.
The company haa offices in Melbourne, London, and San-Francisco.
FinSMEs
16/08/2023