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Venture Capital News: Pinecone Inks $100M Series B Funding Round

NEW YORK, NY, Pinecone, the vector database company providing long-term memory for AI, announced today it has raised $100 million in Series B funding at a $750 million valuation.
The funding round was led by Andreessen Horowitz, with participation from ICONIQ Growth and previous investors Menlo Ventures and Wing Venture Capital.

Pinecone created the vector database, which acts as the long-term memory for AI models and is a core infrastructure component for AI-powered applications. The managed service lets engineers build fast and scalable applications that use embeddings from AI models, and get them into production quickly.
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