Snowflake is all about managing knowledge within the cloud, whether or not as a part of a structured knowledge warehouse, or much less structured knowledge lake. Neeva, a search startup from two former Google staff, has been all about search, engaged on each a shopper and enterprise providing. Earlier this week, it introduced that it was strolling away from shopper search to focus on the enterprise.
Right now, 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 considering Neeva earlier than the 2 firms made it official in a weblog submit 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 effectively.
“The power for groups to find exactly the best knowledge level, knowledge asset or knowledge perception is crucial to maximizing the worth of information,” Dageville wrote within the weblog submit.
He identified that Neeva’s means to leverage generative AI in search was one in all 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 questions and work together with the search software, altering the best way individuals search in elementary methods.
Actually, the corporate had been engaged on a standalone generative AI search app known as Gist when it shut down. In a blog post saying that the corporate was shutting down the patron search, the founders identified that it had expertise it may put to work on enterprise merchandise and that was the place it will be concentrating going ahead.
“Most of the strategies now we have pioneered with small fashions, measurement discount, latency discount, and cheap deployment are the weather that enterprises actually need, and want, at this time. We’re actively exploring how we are able to apply our search and LLM experience in these settings, and we are going to present updates on the way forward for our work and our group within the subsequent few weeks,” the founders wrote of their weblog.
But it surely turned out that it was a farewell weblog submit as a standalone firm, and it will do this work on enterprise search as a part of Snowflake. Neeva had so much going for it when it launched with the hope of delivering an ad-free search software that solved the privateness points inherent in most shopper search instruments. The 2 founders spent years slicing their enamel 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 knowledge administration answer. The dream of constructing a Google competitor might have died with the top of the patron search software, however the tech may stay on in future Snowflake search options.