Algolia Disrupts Market with Search.io Acquisition, Ushering in a New Era of Search and Discovery – Business Wire
Acquisition creates world’s first and only hybrid search engine combining Keyword and Vector Search in a single API, enabling retailers to capture additional 70% long tail business at 90% less cost
SAN FRANCISCO–(BUSINESS WIRE)–Algolia, the leading API-First Search & Discovery Platform, today announced the acquisition of Search.io, whose flagship product is Neuralsearch – a vector search engine that uses hashing technology on top of vectors to provide unprecedented price performance at scale. Algolia will combine its market leading keyword search and Search.io’s Neuralsearch into a single API.
“We’ll be the only product on the market that combines keyword search with vector-based semantic and image search, along with vector-based recommendations. Vendor consolidation is back in vogue, and being able to get best in class capabilities from one provider is powerful in today’s economic climate.”
The digital world is evolving rapidly, and so is the manner in which…
Read Full Story: https://www.businesswire.com/news/home/20220909005463/en/Algolia-Disrupts-Market-with-Search.io-Acquisition-Ushering-in-a-New-Era-of-Search-and-Discovery
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source: https://news.oneseocompany.com/2022/09/12/algolia-disrupts-market-with-searchio-acquisition-ushering-in-a-new-era-of-search-and-discovery-business-wire_2022091229967.html
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