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Market
Number of Major Clients Added by LanceDB by May 2025
2
Resolution / Starting Odds
0-5 • 25%
6-10 • 25%
11-20 • 25%
More than 20 • 25%
LanceDB press releases or verified news reports
Story
LanceDB Secures $11M in Funding Led by CRV, Including $8M Seed Round
May 15, 2024, 10:01 AM
LanceDB, an open-source multimodal AI database company, has raised $11 million in funding. The funding round was led by CRV, with additional backing from Y Combinator, Essence Venture, and Swift Ventures. This includes an $8 million seed round. LanceDB counts Midjourney, Character.ai, and Airtable among its customers. The company aims to use the funds to grow its team and enhance its services.
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Healthcare • 20%
Automotive • 20%
Financial Services • 20%
Retail • 20%
Other • 20%
0-2 partnerships • 34%
3-5 partnerships • 33%
More than 5 partnerships • 33%
10% or less • 25%
11%-25% • 25%
26%-50% • 25%
More than 50% • 25%
None • 25%
One • 25%
Two • 25%
Three or more • 25%
Up to 10% growth • 25%
11% to 50% growth • 25%
51% to 100% growth • 25%
Over 100% growth • 25%
Up to 10 Petabytes • 33%
Up to 100 Petabytes • 33%
More than 100 Petabytes • 34%
$20M-$30M • 25%
$30M-$40M • 25%
$40M-$50M • 25%
Over $50M • 25%
Remains primarily in the US • 33%
Expands to Europe and Asia • 33%
Establishes a global presence • 34%