Tech Company Financing Transactions
Weaviate Funding Round
Index Ventures, Battery Ventures and Cortical Ventures participated in a $50 million Series B funding round for Weaviate. The round was announced by the company on 4/23/2023.
Transaction Overview
Company Name
Announced On
4/23/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to expand its team and accelerate the development of its open source database and new Weaviate Cloud Service for the AI application development market.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
Utrechtsestraat 28-1
Amsterdam, 1017 VN
NL
Amsterdam, 1017 VN
NL
Phone
Undisclosed
Website
Email Address
Overview
Weaviate is an open-source vector database. It allows you to store data objects and vector embeddings from your favorite ML-models, and scale seamlessly into billions of data objects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bob Luijt
Chief Technical Officer
Etienne Dilocker
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