Algolia is best known for its search-as-a-service product that provides developer-friendly, real-time search via an API with results that load with each keystroke. The company serves over 10,000 customers including Slack, Stripe, Medium, Zendesk and Lacoste, and handles more than 1.5 trillion search queries per year. Algolia has expanded beyond its core search API into other real-time APIs such as Algolia Recommend and Predict to deliver product recommendations and to analyze visitor intent. Financially, Algolia reported annual recurring revenue growth of 180% year-over-year, though it did not disclose absolute revenue figures. The company was originally founded in France and has recently shifted leadership, with co-founder Nicolas Dessaigne moving to a non-operational role and Bernadette Nixon serving as CEO. Algolia has also recruited several senior executives over the past 18 months as it focuses on building a long-term enterprise business. Algolia provides an API-based search-as-a-service that enables sites and apps to add fast, customizable search without building search infrastructure in-house. The company offers supplementary tools such as search analytics and A/B testing to help customers optimize results and understand user behavior. Algolia plans to invest this funding into R&D—including work on voice search—and to further expand globally across Europe, North America and Asia Pacific. It has more than 8,000 customers (up from about 3,000 in June 2017) and has been active in Asia since 2014, recently doubling down in Japan. Algolia was founded in France and is now based in San Francisco. The company is positioning itself for enterprise-focused growth and deeper integrations with platforms such as Salesforce Commerce Cloud. Algolia is a software-as-a-service company offering a hosted search engine API that returns fast, relevant results with minimal integration. Developers feed their search data to Algolia and customize ranking, after which Algolia’s servers return results as users type. The company reports annual recurring revenue doubling every year and serves 3,000 customers while handling 25 billion searches per month. Product additions include Algolia Offline for weak/no-signal situations and optimizations for places. Algolia positions itself as the turnkey search layer for sites and apps and aims to expand its customer base and feature set. The company operates offices in Paris, San Francisco, New York City and Atlanta and plans to open a London office. Algolia provides developers, product managers, and end users with a hosted Search-as-a-Service API that can be set up in hours or days and returns relevant results in milliseconds. The product targets websites and mobile apps and is designed to handle high volumes of data quickly. The company says it serves over 600 paying customers across 50 countries, including CrunchBase, Genius.com, Vevo, Medium, WeWork, Teespring, Arc’teryx and Product Hunt. Algolia plans to use its recent funding for product development, international expansion and hiring. Founded in 2012 by Nicolas Dessaigne and Julien Lemoine, the company is based in San Francisco and Paris. Philippe Botteri of Accel Partners will take a seat on the company’s board following the financing. Algolia builds a hosted real-time search engine and API used to replace or augment site and app search. The team has search experience (some engineers previously worked at Exalead) and initially sold a $99 mobile SDK before moving to larger website customers. Customers named in the article include Vestiaire Collective, USA Today’s Reviewed.com, Hacker News and Product Hunt; the company grew from 0 to about 200 customers in the reported year. Algolia recently launched analytics features to make the product more appealing to bigger clients and to support further growth. Financially, the company is not yet generating significant revenue according to investors, though backers see a clear path to millions in revenue. Algolia was accelerated by Y Combinator and TheFamily.

Total raised

$334M

Funding rounds

6

Latest round

Series D

Latest activity

Jul 2021