logo
logo

Vector Database Company Zilliz Raises $60 Million Series B Extension To Expand Its Operations In Silicon Valley

Aug 24, 2022•almost 3 years ago

Amount Raised

$60 Million

Round Type

series b

San FranciscoNatural Language ProcessingBig DataMachine LearningArtificial IntelligenceSoftwareAnalytics

Description

Zilliz, a leading vector database company and the inventor of Milvus, announced today that it has raised a $60 million extension to its initial $43 million Series B. Prosperity7 Ventures, the diversified growth fund under Aramco Ventures, led the round, with participation from existing investors Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, and Yunqi Capital. This brings total investment in the company to $113 million. Following the opening of its Silicon Valley headquarters, Zilliz will use this influx of funding to expand both engineering and go-to-market teams

Company Information

Company

Zilliz

Location

San Francisco, California, United States

About

Zilliz is a leading vector database company for production-ready AI. Built by the engineers who created Milvus, the world's most popular open-source vector database, Zilliz is on a mission to unleash data insights with AI. The company builds next-generation database technologies to help organizations rapidly create AI/ML applications and unlock the potential of unstructured data. By taking the burden of complex data infrastructure management off of its users, Zilliz is committed to bringing the power of AI to every corporation, every organization, and every individual. Headquartered in San Francisco, Zilliz is backed by a number of prestigious investors, including Aramco's Prosperity7 Ventures, Temasek's Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others. Zilliz's technologies and products help over 1000 organizations worldwide easily create AI applications in various scenarios, including computer vision, image retrieval, video analysis, NLP, recommendation engines, targeted ads, customized search, smart chatbots, fraud detection, network security, new drug discovery, and much more. Learn more at zilliz.com or follow @zilliz_universe. www.zilliz.com

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech