deepset

About deepset

Financials

Dated, source-cited figures. Estimates are marked.

Products by deepset

All products by deepset reviewed by our AI panel of experts.

DeepsetLLM Platforms

Build and deploy custom LLM agents on the open-source Haystack framework

Free7.8/10

How Our Review Panel Scores deepset

Six independent reviewer personalities assessed deepset's product on their own terms. They disagreed by 1.9 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who deepset competes with, and how they differ.

LangChain8.1/10

LangChain pairs an open-source orchestration library with the commercial LangSmith/LangGraph Platform for tracing and agent deployment, targeting general LLM app-building rather than Haystack's RAG/search specialization, and monetizes through usage-based observability tooling rather than deepset's managed enterprise deployments.

2 products reviewed on TopReviewed

LlamaIndex7.9/10

LlamaIndex is the closest architectural peer: an open-source data framework (also Apache-2.0) plus the LlamaCloud managed service, competing directly for RAG pipeline developers, though its commercial layer centers on document parsing (LlamaParse) rather than deepset's full agent/pipeline deployment platform.

1 product reviewed on TopReviewed

Vellum7.4/10

Vellum focuses on prompt engineering, evaluation, and low-code orchestration for product teams shipping LLM features, a different buyer than deepset's code-first, self-hostable framework aimed at ML/platform engineering teams.

1 product reviewed on TopReviewed

Flowise7.9/10

Flowise offers a visual, no-code drag-and-drop builder for LangChain-style LLM flows aimed at indie developers and small teams, a lower technical tier than Haystack's Python-first framework built for regulated enterprise deployments.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in deepset's history, with sources.

1. Jul 20, 2026Milestone

   Haystack 3.0 released

   deepset released Haystack 3.0, with a migration guide from 2.x and continued security patches for Haystack 2.31 through October 2026.

   github.com
2. Mar 11, 2024Milestone

   Haystack 2.0 stable release

   deepset shipped the stable release of Haystack 2.0, a ground-up architectural rewrite introducing dynamic pipelines and a split between core and community integrations.

   haystack.deepset.ai
3. Aug 9, 2023Funding

   Series B — $30M led by Balderton Capital

   deepset raised a $30 million Series B led by Balderton Capital, with participation from GV, Harpoon, System.One and Lunar, growing headcount from roughly 50 toward a planned 70-75 by year-end.

   balderton.com
4. Apr 28, 2022Funding

   Series A — $14M led by GV

   deepset raised a $14 million Series A led by GV (Google Ventures) - GV's first investment in a German startup - alongside the public launch of deepset Cloud.

   gv.com
5. November 2019Launch

   Haystack framework publicly released

   deepset publicly released Haystack, its open-source Python framework (Apache-2.0) for building NLP/LLM search and retrieval pipelines, in November 2019.

   api.github.com
6. July 2019Launch

   FARM framework open-sourced

   deepset open-sourced FARM (Framework for Adapting Representation Models), an NLP fine-tuning toolkit that preceded Haystack, in July 2019.

   api.github.com
7. Jun 22, 2018Founded

   deepset GmbH incorporated in Berlin

   deepset GmbH was incorporated in Berlin on June 22, 2018 by Milos Rusic, Malte Pietsch, and Timo Moeller, registered at Amtsgericht Berlin-Charlottenburg under HRB 197429 B.

   online-handelsregister.de