Pinecone
Managed vector database powering retrieval-augmented generation (RAG) for AI applications
AI
📍 San Mateo, CA
Founded 2019
Current Valuation
$750M
as of 2023-Q2
PRIVATE
Pinecone is the dominant managed vector database for retrieval-augmented generation. Founded by Edo Liberty, who built Amazon SageMaker's vector search infrastructure. Pioneered serverless vector search in 2024, dramatically reducing the cost of running RAG at scale. Powers AI applications at Notion, Microsoft, Gong, Shopify, and thousands of AI startups.
Company Profile
Growth
Strong (open-source ecosystem flywheel)
Last Round
Series B — $100M (Apr 2023) · Lead: Andreessen Horowitz
IPO Status
no imminent plans
Founders & Key People
Edo Liberty
Investors
Andreessen Horowitz · Menlo Ventures · Wing Venture Capital · ICONIQ Growth
Products
- Pinecone Serverless
- Pinecone Pod-based DB
- Pinecone Assistant
- Pinecone Inference API
Competitors
Weaviate · Qdrant · Chroma · Milvus · Postgres pgvector · MongoDB Atlas Vector Search
AI InfrastructureVector DatabaseRAGDeveloper Tools
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2023-Q2. Refreshed quarterly.