Pinecone Systems Inc.

Pinecone Systems Inc.
Pinecone Systems Inc.
  • Headquarters

    New York, NY
  • Founded

    2019
  • CEO / Founder

    Edo Liberty
  • Employees

    201-500
  • Funding

    Series C — $138M
  • Products

    1 product listed
  • Avg. AI Score

    8.2/10

Profile updated

Products
1
Avg AI Score
8.2/10
Founded
2019
Funding
$138M
About Pinecone Systems Inc.

Pinecone Systems Inc. is a cloud-native vector database company headquartered in New York, NY, founded in 2019 by Edo Liberty, a former head of Amazon AI Labs. The company provides a managed vector database service that allows developers to store and query high-dimensional vector embeddings generated by machine learning models, without managing underlying infrastructure.

Pinecone's primary product is its serverless vector database, which supports use cases such as retrieval-augmented generation (RAG), semantic search, and recommendation systems. The platform is used by engineering teams building AI-powered applications that require fast approximate nearest-neighbor search at scale. Pinecone integrates with major AI frameworks and model providers including OpenAI, Hugging Face, and LangChain.

The company raised a $100 million Series B round in April 2023 at a $750 million valuation, led by Andreessen Horowitz, following earlier rounds that brought total funding to approximately $138 million. Pinecone employs roughly 200-400 people. The company introduced a serverless pricing tier in early 2024, shifting from pod-based infrastructure to a consumption-based model.

Specialties
Vector DatabasesSemantic SearchRetrieval-Augmented GenerationMachine Learning InfrastructureApproximate Nearest Neighbor SearchAI Application DevelopmentRecommendation Systems
Financials

Dated, source-cited figures. Estimates are marked.

Valuation
$750M
pinecone.io
Total Raisedest.
$138M
techcrunch.com
Valuation over time
$170M(December 2021)$750M(Apr 27, 2023)
Products by Pinecone Systems Inc.

All products by Pinecone Systems Inc. reviewed by our AI panel of experts.

How Our Review Panel Scores Pinecone Systems Inc.

Six independent reviewer personalities assessed Pinecone Systems Inc.'s product on their own terms. They landed within 0.8 points of each other, an unusually strong consensus.

The Decision Maker
8.6
The Domain Strategist
8.4
The Domain Practitioner
8.4
The Power User
8.2
The Finance Lead
7.8
The Skeptic
7.8

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

Competitive Landscape

Who Pinecone Systems Inc. competes with, and how they differ.

Company Timeline

Key milestones in Pinecone Systems Inc.'s history, with sources.

  1. Milestone

    Leadership transition: Ash Ashutosh named CEO, founder Edo Liberty becomes Chief Scientist

    Pinecone appointed Ash Ashutosh, a former Google data-infrastructure sales leader and founder of Actifio (acquired by Google in 2020), as CEO. Founder Edo Liberty moved to Chief Scientist to focus on the company's research direction after six years as CEO.

    pinecone.io
  2. Launch

    Pinecone Serverless reaches general availability on GCP and Azure

    Pinecone Serverless became generally available on Google Cloud Platform and Microsoft Azure, extending its serverless architecture beyond the initial AWS-only launch.

    pinecone.io
  3. Launch

    Pinecone Serverless reaches general availability on AWS

    Pinecone Serverless exited public preview and became generally available on AWS after roughly four months of testing by more than 20,000 organizations; the company reported 5,000+ customers at the time, including Gong, Help Scout, New Relic and Notion.

    techcrunch.com
  4. Launch

    Pinecone Serverless unveiled in public preview

    Pinecone introduced a new serverless architecture that separates reads, writes, storage and indexing onto a multi-tenant compute layer, claiming a 10x-100x cost reduction versus its prior pod-based service.

    techcrunch.com
  5. Funding

    Series B -- $100M led by Andreessen Horowitz at $750M valuation

    Pinecone raised a $100 million Series B led by Andreessen Horowitz (Peter Levine joined the board), with ICONIQ Growth and existing investors Menlo Ventures and Wing Venture Capital participating, valuing the company at $750 million post-money.

    techcrunch.com
  6. Funding

    Series A -- $28M led by Menlo Ventures

    Pinecone closed a $28 million Series A led by Menlo Ventures, with new investor Tiger Global and existing seed investor Wing Venture Capital participating, bringing total raised to $38 million.

    techcrunch.com
  7. Funding

    Seed -- $10M led by Wing Venture Capital

    Pinecone raised a $10 million seed round led by Wing Venture Capital to build a purpose-built vector database for machine learning applications; the company had 10 employees at the time.

    techcrunch.com
  8. Founded

    Pinecone founded by Edo Liberty

    Edo Liberty founded Pinecone in 2019 after leading Amazon's AI research lab (Director of Research at AWS, Head of Amazon AI Labs).

    venturebeat.com

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