Algolia disrupts the market with the acquisition of Search.io, ushering in a new era of search and discovery

SAN FRANCISCO–(BUSINESS WIRE). . Algolia will combine its market-leading keyword search and Search.io’s neural search into a single API.

The digital world is evolving rapidly and so is the way people search and gather information. Dramatic advances in the world of technology, changing consumer preferences, and the need for instant gratification and value are rapidly disrupting the search and discovery market. However, some core principles remain the same: a desire to make search and discovery intuitive, extremely fast, and massively scalable, while remaining affordable and easy to implement.

With this acquisition, Algolia stays true to those tenets while revolutionizing search and discovery by delivering the world’s first and only API-first search and discovery platform with a hybrid search engine that includes both keyword and semantic search in a single API . This new API platform is lightning-fast, massively scalable, and most importantly, cost-effective. No other provider offers that today.

“Our mission, vision and purpose is to advance discovery. So far we’ve done this mainly with keyword searches. With the addition of Search.io’s vector search engine, we will significantly transform the search market,” said Bernadette Nixon, Algolia’s Chief Executive Officer. “We will be the only product on the market that combines keyword search with vector-based semantics and image search, as well as vector-based recommendations. Vendor consolidation is back in vogue and the ability to get best-in-class capabilities from a vendor is significant in today’s economic climate.”

The combination of two search pioneers – Algolia (with its powerful keyword search) and Search.io (with its groundbreaking vector-based semantic search) – allows Algolia to more effectively display the most accurate and relevant results to users, whether they use specific keywords or natural human ones utterances. Many companies claim to offer some form of semantic search, but these companies do not cost-effectively offer the capabilities of keyword search and vector-based semantic search in a single API, nor do they have the ability to scale. Essentially, Algolia offers users the ability to search as they think.

“Across the industry, retailers are leaving money on the table because of the difficulty in generating revenue from long-tail searches (e.g. ‘stunning fall outfit for the mother of the bride’) which potentially consume up to 55% of all searches could make up today,” Nixon noted. “These low-volume searches could add up to millions of searches, which equate to millions of dollars in unfulfilled sales of less popular or searched-for products. Our new Algolia hybrid search engine solves this long-tail problem and truly puts search on autopilot at a price point that is 90% lower than other vector-based search options.”

Algolia’s acquisition of Search.io follows a significant hiring wave in 2022, with the company adding more than 145 new jobs in the second quarter alone and doubling its headcount over the past year.

Nixon added, “The welcome to the Search.io team and the launch of our hybrid search engine mark the beginning of Algolia’s next chapter. The integration of vector search with our keyword search provides us with a game-changing platform to solve more of our clients’ search and discovery problems.” to solve and give them a price advantage that they won’t see anywhere else.”

With Search.io, Algolia can offer business users a better way to manage automation of unique and engaging end-user experiences.

“We are excited to be part of a world-class leader in search and discovery,” said Hamish Ogilvy, Chief Executive Officer and co-founder of Search.io. “Traditionally, delivering on the promise of AI search has required tremendous in-house expertise and technical resources to function effectively. In addition to delivering better search experiences, it also needs reliable, fast, and cost-effective distributed instant search with more than 100 data centers worldwide. This global search distribution network combined with vector-based semantic search using extremely fast and efficient neural hash technology is an exciting and truly unique solution.”

About Search.io

Search.io offers a search and discovery service powered by powerful AI engines including Neuralsearch™, the world’s first instant AI search technology, and reinforcement learning for self-optimizing results. Businesses of all sizes use Search.io to build site search and discovery solutions that maximize e-commerce revenue, enhance on-site customer experiences, and scale their online presence. Search.io currently serves billions of API requests each month across more than a thousand websites worldwide including BBC, Catch, Lockheed Martin, NSW Government, Rentpath, Sennheiser, Unity and many more.

About Algolia

Algolia is revolutionizing search and discovery by providing the world’s most powerful API-first search and discovery platform with its unique hybrid search engine, which is a combination of keyword and vector-based semantic search via NeuralSearch technology in a single API. Algolia offers both developers and business users a better way to create unique and engaging end-user experiences at internet scale to predict what customers want with lightning-fast speed and the best application search experience, resulting in more remarkable discovery. Algolia is your guide to the world’s content to help you discover where you live, work and play. It reinvents discovery as the right content finds every user to inform, enrich and surprise them. More than 12,500 companies including Under Armour, Birchbox, Stripe, Slack, Medium and Zendesk rely on Algolia to manage over 1.5 trillion searches per year. Algolia is headquartered in San Francisco with offices in New York, Atlanta, Austin, Paris, London, Bucharest and Sydney. To learn more, visit www.algolia.com.

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