About Pinecone
Pinecone offers a fully-managed vector database that enables businesses to create AI applications capable of storing and searching through vector embeddings. This technology helps applications like chatbots retrieve relevant information, allowing them to respond accurately to user queries. Pinecone's scalable model starts with a free plan and uses resource-based pricing, ensuring clients only pay for what they use. The goal is to simplify the development of AI-powered applications, making them accessible to a wide range of businesses without the need for extensive infrastructure management.
New York City, New YorkHeadquarters
2019Year Founded
$134.2MTotal Funding
SERIES_BCompany Stage
Enterprise Software, AI & Machine LearningIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Fertility Treatment Support
Company Equity
401(k) Retirement Plan
Flexible Paid Time Off
Paid Parental Leave
Employee Stock Purchase Plan
Home Office Stipend
Risks
Competition from tech giants like Google challenges Pinecone's position in AI search solutions.
OpenAI's acquisition of Rockset may overshadow Pinecone's vector database capabilities.
Rapid generative AI evolution pressures Pinecone to continuously innovate and maintain competitiveness.
Differentiation
Pinecone offers a fully-managed vector database for AI applications, simplifying development.
The platform integrates proprietary reranking and sparse embedding models for enhanced AI performance.
Pinecone's serverless offerings across major clouds support scalable, multicloud AI infrastructure.
Upsides
Integration with Cohere's Rerank 3.5 model boosts AI application accuracy and competitiveness.
Partnership with Robust Intelligence enhances security for retrieval-augmented generation applications.
Bulk import feature attracts enterprises with large datasets, expanding Pinecone's market appeal.
Funding
Total raised$134.24 M
Latest valuation$750.00 M
StageSERIES_B
SERIES B
3/31/2023$100
$750.00 MSERIES A
2/28/2022$28
$140.00 MSEED
12/31/2020$10
$50.00 M