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Jina Ai Raises $30 Million To Scale Open-Source Neural Search Ecosystem

Nov 22, 2021•over 3 years ago

Amount Raised

$30 Million

BerlinReal EstateScience And EngineeringAdministrative ServicesInformation TechnologySoftware

Description

Jina AI, an open-source neural search company, today announced $30 million in Series A financing. Canaan Partners led the round with participation from new investors including Mango Capital, as well as existing partners GGV Capital, SAP.iO and Yunqi Partners. All of Jina AI's investors are betting on the future of search being built on neural networks. The company, only founded in February 2020, has already raised $39 million in total.

Company Information

Company

Jina Ai

Location

Berlin, Maryland, United States

About

The company, only founded in February 2020, has already raised $39 million in total. The company recently released another product called Finetuner, which lets users tune a neural search system to their enterprise's unique needs. Another European legal-tech startup uses Jina to enable a question-answering experience on their millions of PDF documents, enabling them to pinpoint the crucial facts and terms via chatbot. The company also plans to double its team by the end of 2022 by setting roots in North America early next year and hiring remote workers to build a truly global, high-performing team. Xiao believes this focus will enable Jina AI to stay competitive in the open-source domain.

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