Investment announcements from Voyage AI or the investing company

Voyage AI Secures Series A Funding from CRV and Snowflake to Enhance Enterprise RAG Accuracy

Oct 3, 2024, 02:59 PM

Voyage AI, an innovative startup specializing in enterprise retrieval-augmented generation (RAG), has secured Series A funding. The company, led by Teng Yu Ma, aims to enhance retrieval accuracy through vector embeddings trained on a company's data. This approach has garnered significant attention, with investments from CRV and Snowflake. Snowflake plans to integrate Voyage AI's Multilingual 2 model into its Cortex AI to optimize multilingual RAG applications in the AI Data Cloud. The partnership is expected to significantly improve enterprise RAG accuracy and efficiency. TechCrunch's Kyle L. Wiggers highlighted the team's efforts in tackling search, retrieval accuracy, and efficiency.