Algolia, a French startup who provides a SaaS API for database search at websites, has closed the seed round with an additional $1.2 million raised from investors led by Storm Ventures. The final round brings the total seed funding to $2.8M.
Previous seed investors of the Y Combinator graduate include 500 Startups, Alven Capital, Index Ventures and Point Nine Capital. The last round is contributed by angels including Box, Eventbrite, Google, Microsoft and Stripe.
Founded in 2013, Algolia now claims to be the only search-as-a-service provider delivering an API for simplified real-time search on the websites. The API comes with a dashboard that allows developers to deliver instant search results on both mobile and web applications.
Explaining the rationale behind seed investment in Algolia, Jason Lemkin, Managing Director at Storm Ventures and former CEO of EchoSign, said “We have all had a bad search experience. Search has been an ongoing challenge for developers and applications. And the increase of small objects like videos, photos and contacts makes delivering relevant and accurate search results a bar that continually raises. What impressed me about Algolia was its ability to significantly reduce this complexity for developers and enable any application to have an instant, relevant, Google-like experience.”
Nicolas Dessaigne Co- Founder and CEO of Algolia said “Developers know the challenges search creates and we have built an API that takes a different approach to solving the problem of small objects, speed, and search relevance that can make a major impact on user experience and adoption.”