Pinecone has announced the successful raising of $100 million in Series B funding, led by Andreessen Horowitz with participation from ICONIQ Growth, Menlo Ventures, and Wing Venture Capital, bringing the company's valuation to $750 million. Since its introduction of the vector database in 2021, Pinecone has significantly impacted the $9 billion search infrastructure market and the $110 billion generative AI market by enabling engineers to efficiently manage data generated by Large Language Models and other AI models. With a surge in AI developers using its free plan and an increase in paying customers, including major companies like Shopify and HubSpot, Pinecone has established itself as a crucial infrastructure player in AI. The funding will support Pinecone's mission to provide long-term memory for AI, cementing its leadership position and facilitating further developments in AI applications, such as AI search and chatbots. The company credits its success to its team, customers, partners, and investors, and expresses optimism about its future role in transforming industries through AI.