Algolia Raises $18.3M

What does Algolia do?

Algolia, is a leading Search as a Service provider. It provides a hosted search API which allows websites and mobile applications to increase the conversions and user engagement. Its API returns search results in milliseconds, with an experience of search as you type for the end users.

Algolia provides an out of the box support for every language. It is a typo tolerant which allows easy ranking configuration for the customer’s data set. It enables any developer to build a search engine  easily and quickly and serves more than 4B queries monthly with an SLA of 99.99%.

It serves 600 customers in over 50 countries and some of them include A Little Market, HackerNews, Quiksilver, Vevo, Livestream etc.

How much Algolia was funded?

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

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 its product development, expanding its business internationally and to hire new employees for accelerating the company’s already impressive momentum.

More about Algolia

Algolia was founded on September 17^th, 2012 by Nicolas Dessaigne, Julien Lemoine. It has its headquarters in San Francisco, CA. It provides a hosted search API which enables mobile apps and websites for increasing user engagement and conversions. It allows developers to build the search engine they like easily and quickly. It has more than 600 customers in 50 countries. It builds unique search experiences. Its hosted search API delivers relevant results instantly from the first keystroke.