Venture Funding

Algolia Searches and Finds $110 Million Investment

SAN FRANCISCO — Algolia, which offers a web search service for business customers, has secured $110 million in new funding led by Accel and also includes Salesforce Ventures, Alven, DAG Ventures, Founders Circle, Owl Rock Capital, SaaStr Fund and World Innovation Lab.

Since 2012, Algolia’s platform has processed over 1 trillion search queries, and the company says it now has over 8,000 customers and supports 70 billion searches per month.

Customers include Stripe, Slack, Discovery Inc., Medium, LVMH, Lacoste, Zendesk and Birchbox.

“For too long, organizations have had to choose between building resource-intensive search tools by themselves and using lower-cost — but inflexible — set-it-and-forget-it search solutions,” said Nicolas Dessaigne, Co-founder and CEO, Algolia. “Algolia solves for both by removing the cost and complexity of building search, while empowering businesses to create tailored experiences that engage and delight customers. Our rapid customer growth underscores both the market’s need to deliver amazing consumer experiences, and Algolia’s ability to help customers achieve these experiences.”

“With a world-class team of search experts and a passionate customer base, Algolia has become the market leader in Search-as-a-Service,” said Nate Niparko, Partner, Accel. “Algolia is accelerating innovation in personalized and intelligent search, enabling companies to deliver a great user experience that drives improved business results. We are excited to double down on Algolia and support their mission to lead the search and discovery market.”

“Algolia has been a great search innovator and delivers unique experiences for customers across Commerce,” said Mike Micucci, CEO, Salesforce Commerce Cloud. “Algolia’s integration into the Commerce Cloud platform will continue to drive momentum and mutual success with our developer, partner, and customer community.”

Algolia now has over 350 employees at six offices worldwide including SF, NY, Paris, London, Tokyo and Atlanta.