Pinecone

Pinecone

Fully-managed vector database for AI

About Pinecone

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

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$138M

Headquarters

New York City, New York

Founded

2019

Overview

Pinecone provides a fully-managed vector database that allows businesses to store and search through data embeddings for AI applications. The product works by converting data into mathematical vectors, enabling fast similarity searches that provide relevant context to Generative-AI models like chatbots. Unlike many competitors, Pinecone handles all infrastructure maintenance, service monitoring, and algorithm troubleshooting, allowing developers to scale their usage without managing the underlying systems. The company's goal is to make it easy for organizations of all sizes to build and scale applications that can accurately interpret and retrieve information from large datasets.

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Simplify's Take

What believers are saying

  • Frankfurt and Singapore regions launched May 5, 2026, enable low-latency AI for Europe and Asia-Pacific.
  • Builder tier at $20/month and dedicated read nodes cut costs 77-97% for high-throughput workloads.
  • 9,000 customers and 800,000 developers adopt Pinecone's hybrid dense-sparse search with reranking.

What critics are saying

  • Milvus 2.5 outperforms Pinecone on 100M+ vectors using DiskANN and in-flight filtering within 12 months.
  • Zilliz Cloud undercuts pricing with 8-15% better recall on BEIR benchmarks in 6-12 months.
  • OpenAI's ChatGPT Enterprise vector store captures RAG pipelines from Pinecone's 800,000 developers in 12 months.

What makes Pinecone unique

  • Pinecone Nexus compiles task-optimized knowledge artifacts for AI agents using KnowQL query language.
  • Pinecone Marketplace launches with 90 production-ready applications across sales, insurance, and HR.
  • Pinecone Serverless v2 auto-selects HNSW, IVF-PQ algorithms, decoupling storage from compute via S3.

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Funding

Total Funding

$138M

Above

Industry Average

Funded Over

3 Rounds

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
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Pinecone

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Mental Health Support

Fertility Treatment Support

Company Equity

401(k) Retirement Plan

Flexible Paid Time Off

Paid Parental Leave

Employee Stock Purchase Plan

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

8%
PR Newswire
Sep 8th, 2025
Pinecone Founder Edo Liberty to Spearhead Pinecone's Growing AI Ambitions; Appoints Ash Ashutosh as CEO to Expand Vector Database Market Leadership

Pinecone is based in New York and raised $138M in funding from Andreessen Horowitz, ICONIQ, Menlo Ventures, and Wing Venture Capital.

PR Newswire
Mar 21st, 2025
Pinecone Named To Fast Company'S Annual List Of The World'S Most Innovative Companies Of 2025

Listed in the Enterprise category, Pinecone is the only vector database distinguished as a Most Innovative Company by Fast CompanyNEW YORK, March 18, 2025 /PRNewswire/ -- Pinecone – the leading vector database for building accurate and performant AI applications at scale in production – is proud to have been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2025. The only vector database to be honored, Pinecone is listed in the Enterprise category which recognizes organizations offering software as a service and other technologies that make other businesses more efficient and effective."Pinecone is an incredibly talented group of veteran experts in databases, cloud infrastructure, search, information retrieval, and AI pushing the envelope to achieve our mission of making AI knowledgeable," said Edo Liberty, founder and CEO of Pinecone. "Over the past 5+ years we've created the world's best vector database to empower companies to generate business value out of proprietary unstructured data that was previously unusable. I'm especially proud to be the leading choice among engineers for building scaled AI workloads in production."Yesterday, Pinecone launched its latest architecture. The result of a months-long effort, with this update, Pinecone is now highly optimized for agentic workloads, in addition to search and recommendations. Early customers are already adding knowledge and memory capabilities to millions of agents.This latest innovation follows the recent launch of Pinecone Assistant, an API service built to power grounded chat and agent-based applications with precision and ease

PR Newswire
Dec 3rd, 2024
First-Of-Its-Kind Pinecone Knowledge Platform To Power Best-In-Class Retrieval For Customers

New proprietary reranking and embedding models, as well as the addition of third-party models like Cohere's Rerank 3.5 model, further provide customers quick, easy access to high-quality retrieval and significantly streamline the development of grounded AI applications."Our goal at Pinecone has always been to make it as easy as possible for developers to build production-ready knowledgeable AI applications quickly and at scale," said Edo Liberty, founder and CEO of Pinecone. "By adding built-in and fully-managed inference capabilities directly into our vector database, as well as new retrieval functionality, we're not only simplifying the development process but also dramatically improving the performance and accuracy of AI-powered solutions."Pinecone's composable platform now includes the following updates:pinecone-rerank-v0 proprietary reranking modelproprietary reranking model pinecone-sparse-english-v0 proprietary sparse embedding modelproprietary sparse embedding model New sparse vector index typeIntegration of Cohere's Rerank 3.5 modelNew security features, including role-based access controls (RBAC), audit logs, customer-managed encryption keys (CMEK), and the general availability (GA) of Private Endpoints for AWS PrivateLinkAdvancing the state of the art for retrievalHigh-quality retrieval is key to delivering the best user experience in AI search and retrieval-augmented generation (RAG) applications. Pinecone's research shows that state-of-the-art performance requires combining three key components:Dense vector retrieval to capture deep semantic similaritiesto capture deep semantic similarities Fast and precise sparse retrieval for keyword and entity search using a proprietary sparse indexing algorithmfor keyword and entity search using a proprietary sparse indexing algorithm Best-in-class reranking models to combine dense and sparse results and maximize relevanceBy combining the sparse retrieval, dense retrieval, and reranking capabilities within Pinecone, developers will be able to create end-to-end retrieval systems that deliver up to 48% and on average 24% better performance than dense or sparse retrieval alone."With the advent of GenAI, we knew we could challenge the status quo in talent acquisition by building an experience focused on the job seeker rather than the hiring company," said Alex Bowcut, CTO of Hyperleap. "With Pinecone, we've seen 40% better click-through rates for the job matches we deliver with search results using their semantic retrieval as opposed to traditional full-text search. Now, with the addition of sparse vector retrieval to Pinecone's proven natural language search capabilities, we're excited to explore how we can bring deeper personalization to people looking for work."Pinecone proprietary modelsWith the introduction of its first proprietary models, Pinecone is making it easier for developers to build knowledgeable AI.Natively integrated into Pinecone's platform, these models simplify the development of production-ready AI applications.AI search simplified with integrated inferenceWith the release of Pinecone's integrated inference capability, engineers can now develop state-of-the-art applications without the burden of managing model hosting, integration, or infrastructure. By offering these capabilities behind a single API, developers can seamlessly access top embedding and reranking models hosted on Pinecone's infrastructure, eliminating the need to worry about vectors or data being routed through multiple providers

Taber Communications
Dec 2nd, 2024
Pinecone Enhances Vector Database with AI Inference Capabilities

Pinecone has also announced the general availability of Private Endpoints for AWS PrivateLink.

VentureBeat
Dec 2nd, 2024
Pinecone Expands Vector Database With Cascading Retrieval, Boosting Enterprise Ai Accuracy By Up To 48%

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Pinecone has made a name for itself in recent years as being one of the leading native vector database platforms. Pinecone is continuing to differentiate in an increasingly competitive market with new capabilities to help solve enterprise AI challengesToday Pinecone announced a series of updates to its namesake vector database platform. The updates include a new cascading retrieval approach that combines the benefits of dense and sparse vector retrieval. Pinecone is also deploying a new set of reranking technologies designed to help improve accuracy and efficiency for vector embeddings

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