{"id":19769,"date":"2013-10-01T16:55:44","date_gmt":"2013-10-01T14:55:44","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=19769"},"modified":"2013-10-01T16:55:44","modified_gmt":"2013-10-01T14:55:44","slug":"breaking-algolia-raises-a-1-5-million-seed-round-from-index-ventures-alven-capital-point-nine-capital-to-make-search-not-suck","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2013\/10\/breaking-algolia-raises-a-1-5-million-seed-round-from-index-ventures-alven-capital-point-nine-capital-to-make-search-not-suck\/","title":{"rendered":"Algolia raises a $1.5 Million seed round from Index Ventures, Alven Capital & Point Nine Capital to make Search not Suck"},"content":{"rendered":"

\"algolia\"<\/p>\n

Algolia<\/a>\u00a0has raised \u20ac1.2 Million from Alven Capital, Index Ventures & Point Nine Capital in an unprecedentedly large seed round of funding, in order to revolutionize database search for websites & apps. Founded by former Exalead veterans Nicolas Dessaigne and Julien Lemoine, the Paris-based startup already counts large apps like SocialCam amongst its clients, providing instant search that competes in accuracy and speed both on mobile and on the web.<\/p>\n

\u201cThe response times are unbelievable. On average, queries over our 130M+ users database are answered in less than 40ms. That\u2019s a staggering 25x faster response rate than our previous provider.\u201d \u00a0– Guillaume Luccisano, VP Engineering at Socialcam<\/p><\/blockquote>\n

Algolia’s Search API plugs into databases in just minutes, and instantly provide typo-tolerant search (no more auto-correct issues) as well as per-keystroke instant results. While the cost is based on search queries (similar to most API-based companies), Algolia has already seen to be less expensive & more efficient than it stakes a search engineer to configure technologies like Elastic Search.<\/p>\n

\u201cAlgolia has brought a disruptive innovation to full text search in databases. It\u2019s a highly skilled team that is on track to leave its mark on the market.\u201d – Martin Mignot, Index Ventures<\/p><\/blockquote>\n

The service is just launching out of beta, though they are already showing off their service through demo’s such as that of Crunchbase<\/a>\u00a0– the search of the crunchbase data is faster, more accurate, and more beautiful than the actual Crunchbase site (though the demo is based off of data that is now a few months old).<\/p>\n

Speaking about the fundraising earlier this week, CEO Nicolas Dessaigne spoke of the team’s experience pitching unsuccessfully at YC (one of Algolia’s competitors is a YC-backed company), though they spoke fondly of the experience, which ultimately led to them deciding to fundraise in Europe with international investors.<\/p>\n

What’s interesting to note is that Algolia, a member of Paris accelerator TheFamily<\/a>, was turned down from both Seedcamp & Y-Combinator, two accelerators which pride themselves on being able to attract the smartest & brightest talent. Yet, they seem to have missed out on what is shaping up to be France’s largest seed-funded company, and potentially one of the next generation of billions dollar tech companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Algolia\u00a0has raised \u20ac1.2 Million from Alven Capital, Index Ventures & Point Nine Capital in an unprecedentedly large seed round of funding, in order to revolutionize database search for websites & apps. Founded by former Exalead veterans Nicolas Dessaigne and Julien Lemoine, the Paris-based startup already counts large apps like SocialCam amongst its clients, providing instant<\/p>\n","protected":false},"author":77,"featured_media":19770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[10563],"tags":[],"class_list":["post-19769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/19769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=19769"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/19769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/19770"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=19769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=19769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=19769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}