TLDR:
- Marqo, a vector search company based in San Francisco and Melbourne, has raised $12.5 million in Series A funding, bringing its total funding to $17.8 million.
- The funding round was led by Lightspeed and included participation from Blackbird VC, January Capital, and Chronosphere founder and CTO Rob Skillington.
- Marqo plans to use the funding to advance the adoption of its search platform, which includes machine learning capabilities and infrastructure to deploy AI-powered search.
- The company’s approach involves a proprietary inference engine that converts unstructured data into highly performant vectors, enabling the delivery of hyper-relevant search results in real time.
- Marqo has current customers including Redbubble and Temple & Webster, and developers have adopted the platform for end-user search and retrieval processes.
- CEO Tom Hamer commented that the funding validates Marqo’s approach and will help the company scale up to meet high demand.
San Francisco and Melbourne-based vector search company, Marqo, has raised $12.5 million in Series A funding, bringing its total funding to $17.8 million. The funding round was led by Lightspeed, with participation from Blackbird VC, January Capital, and Chronosphere founder and CTO Rob Skillington. Marqo aims to use the funding to advance the adoption of its search platform, which includes machine learning capabilities and infrastructure needed to deploy AI-powered search. The platform handles the entire search process, from vector generation to storage and retrieval, and enables the implementation of multimodal, multilingual search through a single API. The company’s approach involves a proprietary inference engine that converts unstructured data into highly performant vectors, allowing for hyper-relevant search results in real time. Marqo’s current customers include Redbubble and Temple & Webster, and several developers have adopted the platform for end-user search and retrieval processes. CEO Tom Hamer stated that the funding validates Marqo’s approach and will help the company scale up to meet the high demand that it is experiencing.
