Pinecone Raises $10 Million

Pinecone is a startup that has built a vector database that generates data in a specialized format to help build machine learning applications faster. The company came out of stealth with a new product and announced a $10 million seed investment led by Wing Venture Capital. Company co-founder Edo Liberty says that he started the company because of this fundamental belief that the industry was being held back by the lack of wider access to this type of database. He says that this is a concept that is widely understood by data scientists, and supported by research, but up until now only the biggest and technically superior companies like Google or Pinterest could take advantage of this difference. Liberty and his team created Pinecone to put that kind of technology in reach of any company.