Investments, Startups

French Search as a Service Provider ‘Algolia’ Raises $18.3M Funding

Algolia, a Search-as-a-Service provider, today announced that it has raised an $18.3M Series A investment led by Accel Partners with participation from its existing investors including Alven Capital, Point Nine Capital, Storm Ventures.

The round of funding also saw participation from Lead Edge Capital, co-founder and CEO of Parse (acquired by Facebook) Ilya Sukhar, co-founder and CTO of Docker Solomon Hykes, internet entrepreneur Kevin Rose and co-founder and former CTO of Splunk Erik Swan.

The French startup will use the funding for product development, international expansion and hiring new employees to accelerate the company’s already impressive momentum according to Yahoo.

Algolia provides a hosted search API that allows websites and mobile applications to increase user engagement and conversions. Algolia API returns search results in milliseconds, with a search-as-you-type experience for their end users. The company allows any developer to build the search engine they want quickly and easily.

Originally from France, the company is now headquartered in San Francisco. Angolia was founded in 2012 and has already raised a total of $21.1 million since inception. The company boasts of over 600 customers in 50 countries, with offices in San Francisco and Paris.

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