History in the making: A year of learning, growing, and connecting together

In 2022, Pinecone, a company specializing in vector databases and search, experienced significant growth and innovation, marked by the successful adoption of its platform by major companies like Workday and Clubhouse for various applications including semantic search and fraud detection. The year began with a $28 million Series A funding round, enabling Pinecone to expand its team from 21 employees to over double that number across multiple countries, while establishing growing hubs in New York City and Tel Aviv. The company focused on advancing research and developing new learning resources, such as training models in low-resource scenarios and exploring multi-modal machine learning, alongside attending and sponsoring industry conferences. Pinecone also launched several product features, like faster searches with proprietary graph-based vector indexes and hybrid vector indexes for keyword-aware semantic search, further enhancing their platform’s capability and appeal.