Exa, a San Francisco, CA-based AI research lab redesigning search for the AI age, has raised $22 million in seed and Series A funding.
Investors
The round was led by Lightspeed Venture Partners, with participation from NVentures, NVIDIA's venture capital arm, and Y Combinator.
Lightspeed Venture Partners is a multi-stage venture capital firm with $25B in AUM globally. The firm focuses on accelerating disruptive innovations and trends in the enterprise, consumer, health, and fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally.
Exa Use of Funds
The company will use the funds to scale its first search product and become the data layer for AI applications.
About Exa
Exa is an AI research lab dedicated to redesigning search for AI. Its mission is to organize the world’s knowledge, enhancing AI applications across industries. Exa’s API integrates seamlessly into existing systems, providing developers with powerful tools to enhance their AI applications. They train embedding models, using the same technology behind ChatGPT, to convert web pages into lists of numbers known as embeddings.
Funding Details
Company: Exa Labs, Inc.
Raised: $22.0M
Round: Seed Round, Series A
Funding Month: July 2024
Lead Investors: Lightspeed Venture Partners
Additional Investors: NVentures, NVIDIA's venture capital arm, Y Combinator
Company Website: https://exa.ai/
Software Category: AI Search Engine
Source: https://www.businesswire.com/news/home/20240716151157/en/