# Voyage AI Innovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/voyage-ai-innovations

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.voyageai.com
- Total disclosed funding: $28M
- Latest round: Series A (Aug 20, 2024)
- Investors on record: 9

## About

Founded in 2023 and based in California, US, Voyage AI Innovations, Inc. operates as a technology company that creates models to enhance the retrieval of unstructured data for search and AI applications. Some of the firm's clients include Harvey, aws, Redis, Chroma, replit, kapa.ai, etc. In October 2024, Voyage AI Innovations, Inc. raised Series A funding of USD 20 million led by investor CRV along with the participation of investors Wing VC, Conviction, Snowflake, Databricks, Pear VC, Tectonic Capital, etc. The firm as of October 2024, is led by its co-founder and CEO, Tengyu Ma. 

Voyage AI specializes in developing advanced embedding models and rerankers that enhance retrieval-augmented generation (RAG) capabilities. Their product offerings include general-purpose models, domain-specific models for industries like finance and law, and custom models tailored to unique business needs. The solutions focus on accuracy, low latency, and cost efficiency, featuring 3x-8x shorter vector dimensions to minimize search and storage costs. With long-context retrieval capabilities and modular integration with various vector databases and language models (LLMs), Voyage AI offers flexible deployment options, including both cloud and on-premise solutions.

The company intends to use the funding received in October 2024 to enhance its services and further develop advanced models for searching and retrieving unstructured data.

## Funding rounds

- Series A, Aug 20, 2024, $28M — CRV, Mayfield Fund, Wing, Pear VC, Fusion Fund, Tectonic Capital, Snowflake Ventures, Databricks Ventures, Conviction

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series A
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A
- Wing (https://capitalatlas.ai/funds/wing) — Series A
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Series A
- Fusion Fund (https://capitalatlas.ai/funds/fusion-fund) — Series A
- Tectonic Capital (https://capitalatlas.ai/funds/tectonic-capital) — Series A
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series A
- Databricks Ventures (https://capitalatlas.ai/funds/databricks-ventures) — Series A
- Conviction (https://capitalatlas.ai/funds/conviction) — Series A