Snowflake acquires Neeva to carry clever search to its cloud information administration answer
Snowflake is all about managing information within the cloud, whether or not as a part of a structured information warehouse, or much less structured information lake. Neeva, a search startup from two former Google workers, has been all about search, engaged on each a client and enterprise providing. Earlier this week, it introduced that it was strolling away from client search to focus on the enterprise.
In the present day, Snowflake introduced it was shopping for the startup. The businesses didn’t reveal the phrases of the deal.
Rumors had been swirling lately that Snowflake was eager about Neeva earlier than the 2 corporations made it official in a weblog put up on the Snowflake web site this afternoon. Benoit Dageville, the corporate co-founder and VP of merchandise defined why he thinks that the businesses match collectively so properly.
“The flexibility for groups to find exactly the fitting information level, information asset or information perception is vital to maximizing the worth of knowledge,” Dageville wrote within the weblog put up.
He identified that Neeva’s capacity to leverage generative AI in search was considered one of issues that drew Snowflake to the search startup. “That’s why Snowflake is buying Neeva, a search firm based to make search much more clever at scale,” he wrote. With generative AI searches, customers can ask query and work together with the search instrument, altering the way in which folks search in basic methods.
In reality, the corporate had been engaged on a stand-alone generative AI search app referred to as Gist when it shut down. In a weblog put up asserting that the corporate was shutting down the patron search, the founders identified that it had know-how it may put to work on enterprise merchandise and that was the place it will be concentrating going ahead.
“Most of the methods we have now pioneered with small fashions, dimension discount, latency discount, and cheap deployment are the weather that enterprises actually need, and wish, at present. We’re actively exploring how we are able to apply our search and LLM experience in these settings, and we’ll present updates on the way forward for our work and our group within the subsequent few weeks,” the founders wrote of their weblog.
However it turned out that it was a farewell weblog put up as a stand-alone firm, and it will do this work on enterprise search as a part of Snowflake. Neeva had loads going for it when it launched with the hope of delivering an ad-free search instrument that solved the privateness points inherent in most client search instruments. The 2 founders spent years chopping their tooth at Google, and introduced that have to the startup. They raised over $77 million since founding the corporate in 2019, per Crunchbase. The newest $40 million spherical got here simply over two years in the past. Traders included Sequoia and Greylock.
Now as a part of Snowflake, the founders carry a wealth of expertise to the corporate to assist construct AI search options on prime of the cloud information administration answer. The dream of constructing a Google competitor could have died with the top of the patron search instrument, however the tech may dwell on in future Snowflake search options.