Weaviate Raises $50M in Series B
Weaviate has successfully raised $50M in a Series B at a $200M valuation led by Index Ventures, Battery Ventures, Zetta Venture Partners, ING Ventures.
Company Overview
Weaviate is a Database company headquartered in 1018 Amsterdam, Netherlands, founded in 2019 with 80+ employees.
AI-native vector database
Fundraising Details
- Amount Raised: $50M
- Round Type: Series B
- Valuation: $200M
- Date: 2024-04-25
- Investors: Index Ventures, Battery Ventures, Zetta Venture Partners, ING Ventures
About Weaviate
AI-native vector database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1018 Amsterdam, Netherlands
- Founded: 2019
- Team Size: 80+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in Weaviate's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Weaviate's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $200M valuation marks an important milestone for Weaviate, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, Weaviate is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-25. For more information about Weaviate, visit their headquarters at 1018 Amsterdam, Netherlands.
