This summary is generated by an algorithm. If you find any mistakes, let us know.

Cloud Computing Developer APIs Developer Platform North America Product Search SaaS Search Engine Semantic Search Software Vertical Search

‘Search-as-a-service’ API platform Algolia raises $150M

– Algolia has raised $110m in a series D round of funding led by Fidelity Management & Research Company, with participation from Twilio, Steadfast Capital Ventures, Glynn Capital, and Salesforce Ventures.
– The company is now valued at $1.1bn.
– Algolia enables customers like Slack, Stripe, Atlassian, and Ubisoft to build Google-like indexing and search capabilities into their own platforms through an API.
– This includes insights into user interactions and a suite of additional tools for A/B testing and analytics.
– Algolia also launched an API for machine learning-powered recommendations, the result of its recent acquisition of Romanian company MorphL.
– Indeed, MorphL specializes in predicting customer behavior on ecommerce sites and delivering personalized recommendations based on the context of a search.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: