Funding

Algolia Raises $18.3 Million

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What does Algolia do?

Algolia, is a real time search as a service provider. It provides a hosted search API which allows mobile apps and websites for increasing user engagement and conversions.  Its API returns search results in milliseconds, with a search as you type experience for the end users. It offers an out of the box support for all languages. It is typo tolerant and enables an easy ranking configuration for your data set. Any developer can build the search engine which they want quickly and easily and serves more than 4B queries monthly with a 99.99% SLA. It has more than 600 customers in 50 countries, with offices in Paris and San Francisco. Some of its customers are Quicksilver, Vevo, Medium, A Little Market, Genius.com, CrunchBase, Livestream etc.

How much Algolia was funded?

Algolia raised $18.3 M in Series A funding on May 20th, 2015 from Erik Swan, Solomon Hykes, Kevin Rose, Ilya Sukhar, Storm Ventures and Lead Edge Capital.

Previous funding

  • €1.2M in Seed round on October 1, 2013 from 500 Startups, Index Ventures,Alven Capital and Point Nine Capital
  • $1.2M in Seed round on June 19, 2014 from Y Combinator and Storm Ventures.

What is next for Algolia?

Algolia will use the funding for fueling a distributed search developer tool.

More about Algolia

Algolia was founded on September 17, 2012 by Nicolas Dessaigne and Julien Lemoine. It has its headquarters in San Francisco, CA. It builds unique search experiences. Its search API delivers instant and relevant results with th first key stroke itself. It is very easy to implement on the website as the company opts for a SaaS strategy. With Algolia increasing users engagement is easy. Users expect a very fast access to what they look for and so their expectations are easily met with its intuitive API.

 

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