Neeva

Neeva

AI-powered ad-free personalized search engine

About Neeva

Simplify's Rating
Why Neeva is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Cybersecurity

AI & Machine Learning

Company Size

11-50

Company Stage

Series B

Total Funding

$77.5M

Headquarters

Mountain View, California

Founded

2019

Overview

Neeva is an AI-powered search engine that focuses on providing users with personalized search results without any advertisements. It is designed for individuals who prefer a more private and efficient search experience, free from the distractions of ads. Users pay a subscription fee to access enhanced search capabilities and privacy features, making it appealing to tech-savvy and privacy-conscious consumers. Unlike traditional search engines that rely on ad revenue, Neeva's business model is based on subscriptions, ensuring a user-centric approach to search services. The goal of Neeva is to offer a streamlined and secure search experience that prioritizes user privacy.

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Simplify's Take

What believers are saying

  • Increased demand for AI-driven enterprise solutions supports Neeva's new focus.
  • Growing interest in privacy technologies provides opportunities for Neeva's enterprise solutions.
  • Snowflake's acquisition of Neeva highlights strong market interest in AI expertise.

What critics are saying

  • Neeva's shift from consumer search may alienate its existing user base.
  • Delays in launching Neeva's AI app, Gist, could hinder mobile market competitiveness.
  • Microsoft's potential Bing data restrictions could limit Neeva's AI capabilities.

What makes Neeva unique

  • Neeva offers an ad-free, subscription-based search engine focused on privacy and personalization.
  • Founded by ex-Google executives, Neeva leverages deep expertise in search technology.
  • Neeva's pivot to AI and enterprise solutions aligns with current market demands.

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Funding

Total Funding

$77.5M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$40M
Neeva
$45M
Linktree
$65M
Substack
$100M
ClickUp

Company News

Corporate Maldives
Jun 7th, 2023
A New Search Engine ‘Neeva’ to be Launched by former Google Ad boss Ramaswamy

Corporate Maldives | Leading Business Resource of the Maldives

ITmedia
May 25th, 2023
LLMと生成AIを手掛ける検索企業NeevaをSaaS型データウェアハウスのSnowflakeが買収

SaaS型データウェアハウスを手掛けるSnowflakeは検索エンジン企業Neevaを買収すると発表した。NeevaはLLMと生成AIも手掛けている。Snowflakeはデータクラウド全体にNeevaのエンジンを導入する計画。

InfoWorld
May 24th, 2023
Snowflake acquires Neeva to add generative AI-based search to Data Cloud | InfoWorld

Neeva, which has raised over $77 million in funding till date from firms such as Greylock and Sequoia, was founded in 2019 by Sridhar Ramaswamy and Vivek Raghunathan.

Netans
May 22nd, 2023
Searching for Answers: Neeva Search Engine to Cease Operations From This Date

Interestingly, Neeva was named one of Time’s Best Inventions of 2021.

MPost
May 22nd, 2023
Neeva Ceases Consumer Search Engine, Shifts Focus to AI | Metaverse Post

Neeva, once the ambitious competitor to Google, has decided to shut down its consumer search engine to focus on AI.

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