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Exa Raises $22M to Develop AI-Powered Search Engine

2024-07-17 11:15:40.198000

Exa, an AI research lab, has secured $22 million in seed and Series A funding. The funding round was led by Lightspeed Venture Partners, with participation from NVentures, NVIDIA's venture capital arm, and Y Combinator. This investment will enable Exa to scale its first search product and establish itself as the data layer for AI applications. Exa's unique approach involves training embedding models to convert web pages into lists of numbers called embeddings, which allows for more intelligent search capabilities compared to traditional keyword-based approaches like Google. Numerous companies and developers have already integrated Exa into their AI applications, highlighting the demand for this innovative search engine. [a4acf3ab]

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