Developer-focused search engine Marqo raises US$5.2m – Business News Australia
A startup founded by Victorians that enables AI-powered search and discovery for developers has raised US$5.2 million ($8.13 million) in seed investment, as Marqo gears up to release its offering that eschews traditional keyword search in favour of machine learning models to return more accurate results.
The funding round for Marqo was led by Blackbird Ventures and also includes the support of Creator Fund, January Capital, and Cohere’s co-founders Ivan Zhang and Aidan Gomez.
The funds will be used to develop a new form of vector search technology that continuously improves based on user engagement, which differentiates it from existing vector databases.
Marqo was founded by Jesse Clark, formerly lead scientist at Amazon Robotics AI and principal scientist at StitchFix and physicist at Stanford and UCL, and Tom Hamer, a former Amazon Web Services (AWS) software engineer. The team has since brought in AI, engineering, and operations expertise from Amazon, Uber and Goldman Sachs.
The…
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source: https://news.oneseocompany.com/2023/08/17/developer-focused-search-engine-marqo-raises-us52m-business-news-australia_2023081749048.html
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