Official announcement from Exa or reputable tech news sources

Exa Raises $17M, Total $22MM, to Build AI Search Engine Competing with Google

Jul 16, 2024, 04:01 PM

Exa, an AI lab, has raised $17 million in a Series A funding round led by Lightspeed Venture Partners, with participation from Nvidia and Y Combinator. The funding will be used to scale Exa's API product, which is the first search engine built to power large language models (LLMs). Exa aims to create a search engine specifically designed for AI, offering a powerful and precise tool to retrieve thousands of results with the best information. This funding round marks a significant milestone for Exa as it continues to innovate in the field of AI-powered search. Additionally, Exa has raised a total of $22 million to build this search engine, positioning itself as a potential competitor to Google in the AI-powered search domain.