# LanceDB Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lancedb-systems

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lancedb.com
- Total disclosed funding: $38M
- Latest round: Series A (Jun 24, 2025)
- Investors on record: 9

## About

Based in California, US, and co-founded by Chang She and Lei Xu in 2022, LanceDB Systems, Inc. operates as a software-as-a-service (SaaS) company offering a customer feedback platform for managed service providers. In June 2025, LanceDB Systems, Inc. raised USD 30 million in series A funding led by investor Theory Ventures, with participation from other investors Zero Prime Ventures, Databricks Ventures, Runway AI, Inc, Y Combinator, Swift Ventures and CRV.  LanceDB offers a developer-friendly, open-source database designed specifically for multimodal artificial intelligence (AI) applications. Their product range includes LanceDB OSS, an open-source version; LanceDB Cloud, a hosted, serverless solution with automatic maintenance features; and LanceDB Enterprise, a dedicated infrastructure for larger teams offering premium support and deployment flexibility. LanceDB provides hyper-scalable vector search, advanced retrieval, and efficient streaming of training data. It seamlessly integrates into existing data and AI toolchains, functioning as an embedded database that scales from local deployments to large cloud infrastructures. Key features include blazing-fast performance for searching billions of vectors in real-time, cost-effective scalability, and support for multimodal training and advanced retrieval using hybrid vector and full-text search with rich metadata filters. The firm has contributed to projects like pandas and HDFS in managing and exploring vast AI datasets. LanceDB generates revenue from its varied offerings such as LanceDB OSS is free, and the LanceDB Cloud, and LanceDB Enterprise at different price points for different dimensions, writing, queries, etc. The Estimated monthly cost includes USD 4 for Writes, USD 10 for Queries, USD 2.03 for storage, etc. 

The company will use the June 2025 funding for further growth and development.

## Funding rounds

- Series A, Jun 24, 2025, $30M — CRV, Y Combinator, Soderling Capital, Runway AI, Inc., Swift Ventures, Databricks Ventures, Theory Ventures, Zero Prime Ventures
- Seed, May 15, 2024, $8M — CRV, Y Combinator, Essence VC, Swift Ventures

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Essence VC (https://capitalatlas.ai/funds/essence-vc) — Seed
- Swift Ventures (https://capitalatlas.ai/funds/swift-ventures) — Seed, Series A
- Soderling Capital (https://capitalatlas.ai/funds/soderling-capital) — Series A
- Runway AI, Inc. — Series A
- Databricks Ventures (https://capitalatlas.ai/funds/databricks-ventures) — Series A
- Theory Ventures (https://capitalatlas.ai/funds/theory-ventures) — Series A
- Zero Prime Ventures (https://capitalatlas.ai/funds/zero-prime-ventures) — Series A