Pinecone Launches Serverless Vector Database, Adopted by 20,000 Companies at 50x Lower Cost

May 21, 2024, 01:15 PM

Pinecone has launched its serverless vector database out of preview, making it generally available. This new offering allows for the building of fast and accurate AI applications for mission-critical workloads at up to 50 times lower cost. Since its public preview, more than 20,000 companies have started using Pinecone Serverless, creating over 12 billion embeddings. The launch marks a significant transformation in the vector database landscape, with Pinecone positioning itself as a key player in the AI application memory layer. Edo Liberty, CEO and founder of Pinecone, has been a driving force behind this innovation.