Algolia
Financials
Estimates*
USD | 2017 | 2019 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 15.2m | 50.0m | 75.0m | 101m | 101m |
% growth | - | - | - | 35 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.6m | Seed | ||
$120k | Seed | ||
$1.2m | Seed | ||
$18.0m | Series A | ||
$53.0m | Series B | ||
N/A | Secondary | ||
$110m | Series C | ||
$150m Valuation: $2.3b | Series D | ||
Total Funding | $334m |
Recent News about Algolia
EditAlgolia is a technology startup that specializes in providing search and discovery solutions for businesses. The company operates in the software-as-a-service (SaaS) market, offering a powerful, hosted search API (Application Programming Interface) that allows businesses to create fast and relevant search experiences for their users. Algolia's services are particularly beneficial for e-commerce platforms, media companies, and any business that relies on efficient and accurate search functionality to enhance user experience.
Algolia's primary clients include developers, product managers, and business teams who need to integrate advanced search capabilities into their websites or applications. The company provides extensive guides, documentation, and support to help clients implement and optimize their search solutions. This makes it easier for businesses to offer tailored search experiences without needing to build the technology from scratch.
The business model of Algolia is based on a subscription service. Clients pay for access to Algolia's suite of APIs, which include not only search but also recommendation engines and other discovery tools. These APIs are hosted by Algolia, meaning clients do not need to manage the infrastructure themselves. This hosted model allows Algolia to offer scalable and reliable services, ensuring that search functions remain fast and relevant even as a client's data grows.
Algolia makes money through tiered subscription plans, which vary based on the volume of searches and the level of service required. This model allows businesses of all sizes to find a plan that fits their needs and budget, from small startups to large enterprises.
In summary, Algolia is a SaaS company that provides advanced search and discovery solutions through a hosted API. It serves a diverse range of clients who need efficient and scalable search capabilities, and it generates revenue through subscription-based plans.
Keywords: SaaS, search API, discovery solutions, e-commerce, media, subscription service, scalable, hosted API, search optimization, user experience.