Pinecone drops $100M investment on $750M valuation, as vector database demand grows

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  • I mean, think of the LLM as an application almost that sits on top of this database, and what the database will do is it will hold information and feed it into LLM for more precise answers for long-term storage of results,” he said.
  • And so you have to accelerate the building of those capacities, and that’s very expensive and very hard,” he said.He says interest in LLMs is driving interest in the vector database, but it’s a different proposition.
  • “We believe that this vector database and especially Pinecone has the opportunity to be really a fundamental component in the new AI data stack.
  • The company has now raised $138 million including a $28 million Series A last year and a $10 million seed investment in 2021.
  • When Pinecone launched a vector database aimed at data scientists in 2021, it was probably ahead of its time.
  • When we came out with this, with the vector database category, nobody knew what the hell we’re talking about.
When Pinecone launched a vector database aimed at data scientists in 2021, it was probably ahead of its time. But as the use cases began to take shape last year, the company began pushing AIdriven s [+3772 chars]