SeMI Technologies introduces an all-new business model for vector search – PR Newswire

Pay-as-you-grow comes to vector search

AMSTERDAM, Sept. 1, 2022 /PRNewswire/ — SeMI Technologies, the leader in open-source vector-search technology, announces an entirely new pricing model for its Weaviate Cloud Service.

Inspired by “pay-as-you-grow” pricing used in cloud storage, SeMI has introduced a new business model that makes it easier and more affordable for enterprises of any scale to take advantage of its Weaviate vector-search engine. Beginning today, users have the option of paying a usage-based rate for search on a per-dimension basis. Pricing begins at $0.05 per million dimensions. (No, that’s not a typo; the rate is five cents per million.)

“At this point, as we’ve reached 1,500,000 downloads, a lot of people know and love our open-source software, but they want us to run it for them,” says SeMI Technologies’ co-founder Bob van Luijt.” So, we’ve created a ‘NoOps’ option that allows them to pay only for what they use on our optimized Weaviate Cloud Service.”

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