French Search API startup Algolia raises $18.3M!

Aglolia, a French startup specialized in real-time “search-as-a-service” solutions announced last night an $18.3M series A round through Accel Partners. This round follows two seed rounds ran in 2013 and 2014 for a cumulative $2.8M.

Algolia defines itself as “The Easiest Way To Build All Kinds of Search Experiences“. Thanks to its hosted API, Algolia enables any company to implement a smooth and customized search engine on their website in a few lines of code. With 12 data centers all around the world, Algolia aims at making the search experience as fast as possible. It currently provides clickable search results faster than Google’s.

Aglolia currently improves 600 companies’ search engines, processing more than 4 Billion organic queries a month. CrunchBase, Vevo and Product Hunt are some of Algolia’s current clients.

Founded in France, Algolia moved to San Francisco after being part of the Y Combinator acceleration program last year. The funds raised will allow Algolia to grow faster, hire new talents, and to improve their products. Today’s team is composed of 21 employees including R&D and Engineering teams based in France. With these new funds, Algolia could hire as many as 30 people by the end of the year.

After a €1M round for Evercontact, a $1.3M one for PredicSis, a $115M Series D for Sigfox, and a $250M IPO for Criteo in 2013, it’s easy to see that French entrepreneurs are establishing themselves as leaders in tech innovation.

Congratulations to Algolia’s team! It’s been a pleasure to work with you during your first steps in the US, and we’re more than happy to host you in our office to share your experience with our entrepreneurs.

By | 2015-12-21T12:31:41+00:00 May 20th, 2015|fundraising, News|0 Comments

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