By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Meilisearch lands $15M investment to grow its ‘search-as-a-service’ business
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > General > Meilisearch lands $15M investment to grow its ‘search-as-a-service’ business
General

Meilisearch lands $15M investment to grow its ‘search-as-a-service’ business

admin Published October 10, 2022
Last updated: 2022/10/10 at 9:47 PM
Share
SHARE

[ad_1]

Meilisearch, the creator behind the open source search engine project of the same name, today closed a $15 million Series A round led by Felicis, with participation from CRV, LocalGlobe, ESOP, Mango Capital, Seedcamp and Vercel CEO Guillermo Rauch. CEO Quentin de Quelen tells TechCrunch that the new cash will help to expand Paris-based Meilisearch’s marketing and sales teams as the company transitions to an “enterprise-focused” strategy.

“For three years, we have created a product that brings a lot of value to developers, which has allowed us to form a strong community,” Quelen said via email. “The new money is to focus on the development of Meilisearch Cloud, our fully managed offering of Meilisearch instances. We will also continue to invest in our open source offering by releasing an ‘enterprise-ready’ version of Meilisearch by the beginning of 2023.”

Quelen co-founded Meilisearch alongside Clément Renault and Thomas Payet, two friends from college, in 2018. The trio worked together on search tech at e-commerce startup Veepee and then at Louis Vuitton, where they quickly realized the intractable problem that building a search engine presented.

“Building great search experiences has historically only been possible for companies with large tech resources,” Quelen said. “[Search is often] very hard and expensive for a team to maintain and tune.”

In 2020, Quelen, Renault and Payet released Meilisearch, a search API based on their professional learnings and experiences. Available on GitHub, the project grew to over 10 million downloads, making it among the most popular open source search projects.

Image Credits: Meilisearch

Quelen asserts that, unlike Elasticsearch, and other freely available search engine frameworks, Meilisearch is designed for frontend applications across a broad swath of domains — not just narrow use cases like e-commerce discovery. Leveraging natural language processing, Meilisearch attempts to gain a better understanding of the queries that users make on whatever app, service or website a developer builds it into.

Meilisearch supports major languages and ships with search filters, like price and date, as well as customizable ranking rules. It also corrects for typos and mistakes, ensuring errors in queries don’t adversely impact the search experience.

Quelen claims that more than 10,000 apps today rely on Meilisearch. That’s impressive when considering the growing competition in the “search-as-a-service” space, which includes CommandBar, Algolia and Chameleon.

“[W]e quickly proved that Meilisearch was long-awaited by developers who could not find simple and powerful solutions to improve the search experience in their applications,” he said. “The open source project shows a huge adoption from the developer community and [we’re] actively working on monetization around the open source project.”

To that end, as Quelen alluded to, Meilisearch is upping its investment in Meilisearch Cloud, which is scheduled to launch in late November. In development over the past few months, Quelen says that Meilisearch Cloud — which offers the same experience as the open source Meilisearch but hosted on the public cloud, with prebuilt integrations — onboarded over 50 companies during a private beta.

When asked about runway and revenue, Quelen declined to comment. But he said that Meilisearch will take a disciplined approach to burn, spending the capital it raised from the Series A over the course of the next two to three years.

To date, Meilisearch has raised $22 million. It plans to expand its 25-person headcount to 30 by the end of the year and 50 by year-end 2023.

[ad_2]

You Might Also Like

Revyze is building the TikTok of educational videos

YouTube ends the test asking users to get a premium subscription to watch 4K videos

Who is going to buy Cadillac’s $300,000 hand-built EV?

Don’t let today’s software rally improve your mood

Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin October 10, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article TOP 5 Cryptocurrencies To Watch This Week – BNB,BTC,ETH,MATIC,MKR
Next Article BeReal tops 53M installs, but only 9% open the app daily, estimates claim

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

Revyze is building the TikTok of educational videos

6 Min Read

YouTube ends the test asking users to get a premium subscription to watch 4K videos

2 Min Read

Who is going to buy Cadillac’s $300,000 hand-built EV?

4 Min Read

Don’t let today’s software rally improve your mood

1 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?