Forbes Selects Ai Search & Discovery Innovator Algolia As One Of The Worlds Best Private Cloud Companies

By Author: Arina Smith
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Algolia, a leading AI Search and Discovery platform, has secured the 46th spot on the Forbes 2023 Cloud 100 list, a prestigious recognition of the top 100 private cloud companies globally. This marks the second time Algolia has achieved a place on this esteemed list. The company's selection was driven by its recent launch of Algolia NeuralSearch™, an innovative AI-powered search engine that combines vector-based natural language processing with keyword search, all available through a single API.

Algolia's CEO, Bernadette Nixon, expressed enthusiasm about the recognition from Forbes, highlighting the company's commitment to pushing the boundaries of Search and Discovery innovation. Algolia focuses on delivering cutting-edge AI search solutions that revolutionize customer engagement, particularly in the retail sector. The company's achievement on the Cloud 100 list acknowledges its market leadership, growth, innovation, and strong company culture.

The Forbes Cloud 100 is an annual ranking of the best and brightest private cloud companies worldwide, produced by Forbes in collaboration with Bessemer Venture Partners ...
... and Salesforce Ventures. The evaluation process involves assessing companies based on factors such as market leadership, estimated valuation, operating metrics, and people and culture.

Algolia has also garnered other industry recognitions this year. It was named a Top 10 Power Player on the CommerceTech Power List presented by Bain & Company. The company received 17 badges on G2's Grid for Enterprise Search Software and Algolia NeuralSearch was selected as a finalist in Ventana Research's Annual Digital Innovation Awards.

The Cloud 100 evaluation process includes input from a panel of public cloud company CEOs who help evaluate and rank private company peers. The companies featured on the Cloud 100 list represent the best private companies in the tech sector, with a focus on resilience and innovation, particularly in the face of challenges like the impact of AI and market shifts.

Algolia's recognition on the Cloud 100 list underscores the company's position as a key player in the cloud technology space, particularly in the realm of AI-driven search and discovery solutions.

Algolia's proprietary NeuralSearch technology combines vector-based natural language processing with keyword matching in a single API, enabling powerful and efficient search experiences. The company handles a massive number of search requests, with over 1.75 trillion searches made each year, serving more than 17,000 customers across 150+ countries. Algolia's AI-powered solutions offer blazing-fast and relevant search and discovery experiences for users across various platforms, including web, mobile, and voice devices.

Bessemer Venture Partners, a prominent venture capital firm, helps entrepreneurs build successful and enduring companies. Its diverse portfolio includes well-known companies like Pinterest, Shopify, Twilio, Yelp, LinkedIn, and more. Bessemer's long-standing history and experience contribute to its ability to support companies through various stages of growth.

Salesforce Ventures, the venture arm of Salesforce, supports enterprise software companies globally, from seed to IPO. With a focus on building companies that redefine the way the world works, Salesforce Ventures leverages its expertise in the cloud and relationships with business decision-makers to accelerate growth and credibility for portfolio companies.

Forbes, a renowned media company, celebrates success by highlighting leaders and entrepreneurs who drive change and make an impact on the world. Forbes reaches over 140 million people globally through its trusted journalism, events, and brand extensions in various industries.

Overall, Algolia's recognition on the Forbes Cloud 100 list underscores its innovation, growth, and contributions to AI-powered search and discovery solutions on a global scale.