March 31, 2023
At Scale Asia Ventures, we take pride in identifying and supporting companies that are revolutionizing industries with groundbreaking technology. We are delighted to announce our investment in Weaviate, a trailblazing vector database company that is not only leading the way in the Generative AI tech stack but also collaborating with OpenAI to forge new frontiers in artificial intelligence.
Weaviate, founded in 2019, is an innovative vector database platform designed to power next-generation AI applications. Their state-of-the-art technology enables users to store, search, and analyze massive amounts of data with unparalleled speed and accuracy. By providing a robust and scalable infrastructure for Generative AI, Weaviate is paving the way for groundbreaking developments in artificial intelligence and machine learning.
Weaviate's vector database platform is uniquely designed to handle the challenges associated with large-scale AI and machine learning applications. Key features of Weaviate's platform include:
Partnership with OpenAI: Weaviate's partnership with OpenAI, a leading artificial intelligence research lab, underscores their commitment to pushing the boundaries of AI technology. By collaborating with OpenAI, Weaviate is poised to make significant contributions to the development of Generative AI, a rapidly evolving field with immense potential for transforming industries and creating new opportunities.
Weaviate's leadership team brings together deep expertise in AI, machine learning, and database technologies. Co-founder and CEO, Bob van Luijt, has a proven track record in technology entrepreneurship and a passion for advancing AI capabilities. The team also includes experienced engineers, researchers, and advisors who share a vision of driving innovation in the AI landscape.
The global AI market is projected to reach $266.92 billion by 2027, with vector databases playing a crucial role in enabling the next generation of AI applications. Weaviate's cutting-edge technology and strategic partnership with OpenAI position the company to capture a significant share of this rapidly growing market.
We believe that Weaviate is uniquely positioned to lead the way in the Generative AI tech stack and transform the AI landscape. Key reasons for our investment include:
Here at SAV, we are excited to partner with Weaviate as they continue to shape the future of AI and redefine the possibilities of Generative AI technology.