Public announcements from Vectara, press releases, or news articles

Vectara Raises $25M Series A to Advance Mockingbird LLM for Enterprise RAG

Jul 16, 2024, 10:32 AM

Vectara has successfully raised $25 million in Series A funding to advance its new Mockingbird Large Language Model (LLM) for enterprise Retrieval Augmented Generation (RAG) applications. The funding aims to enhance the trustworthiness of RAG tools offered by Vectara, which specializes in AI 'grounded search'. This follows a $28.5 million seed round in 2023, underscoring the company's rapid growth and commitment to developing innovative AI solutions for enterprise use. The new model could also help enable AI agent workflows.