Zilliz

Zilliz

Cloud-based vector database service provider

About Zilliz

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

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$109.9M

Headquarters

Shanghai, China

Founded

2017

Overview

Zilliz provides a cloud-based vector database service that specializes in vector search applications, catering to over 5000 enterprises globally. Its main product, Zilliz Cloud, is a fully-managed service that allows businesses to deploy and scale vector search applications without the need to build and maintain complex infrastructure. This enables companies to concentrate on their core operations. Zilliz Cloud is designed to handle large-scale vector data, capable of scaling up to 500 compute units and managing tens of billions of items. Unlike many competitors, Zilliz emphasizes ease of use and compatibility with various tech stacks, making it adaptable to different business needs. The company aims to deliver a high-performance platform while ensuring customer satisfaction and data security, offering a 99.9% uptime and compliance with SOC 2 standards. Future plans include enhancing data security with Role-Based Access Control (RBAC).

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Simplify's Take

What believers are saying

  • Zilliz Cloud's Cardinal engine boosts vector search performance tenfold.
  • Zilliz's expansion into Tokyo AWS region enhances global service reach.
  • Growing vector database adoption presents significant market opportunities for Zilliz.

What critics are saying

  • Increased competition from Microsoft and Snowflake threatens Zilliz's market share.
  • Rapid vector database adoption may lead to market saturation.
  • Zilliz's reliance on cloud infrastructure poses data sovereignty and compliance risks.

What makes Zilliz unique

  • Zilliz offers a cloud-based vector database service trusted by over 5000 enterprises.
  • Milvus, Zilliz's open-source vector database, is widely adopted in the industry.
  • Zilliz Cloud BYOC enhances data sovereignty and compliance for organizations.

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Funding

Total Funding

$109.9M

Above

Industry Average

Funded Over

2 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
$60M
Zilliz
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Unlimited Paid Time Off

401(k) Company Match

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

7%

1 year growth

5%

2 year growth

8%
SambaNova Systems
Dec 4th, 2024
Zilliz: Powering AI RAG Applications with Vector Embeddings

To overcome these hurdles, SambaNova is working with Zilliz, a cloud-native software company, to showcase the power of combining fast inference with efficient vector databases.

Forbes
Nov 25th, 2024
Zilliz Cloud Claims 10X Boost In Vector Search Performance

Search pixabayIn the dynamic world of generative AI, efficient data management and processing is critical. Zilliz Cloud, a fully managed vector database platform, has introduced the Cardinal vector search engine, claiming a tenfold performance enhancement in vector search capabilities. This advancement could significantly influence how businesses leverage large language models and retrieval-augmented generation for competitive advantage.Understanding Vector DatabasesVector databases handle high-dimensional data by converting complex information—such as text, images and audio—into numerical vectors. This functionality is essential for AI and ML applications, enabling features like semantic search, recommendation systems and pattern recognition.According to Markets and Markets, the global vector database market is projected to grow from $1.5 billion in 2023 to $4.3 billion by 2028, reflecting a compound annual growth rate of 23.3%. This growth underscores the increasing importance of vector databases in modern data infrastructure.Milvus is an open-source vector database developed by Zilliz, designed to manage and search large-scale vector data efficiently. It serves as the foundation for Zilliz Cloud, the company’s fully managed vector database service

VentureBeat
Nov 19th, 2024
Open Source Vector Database Vendor Targets Enterprise Ai Costs With Cloud Update

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. As generative AI usage has grown dramatically in the last several years, vector databases have evolved from cutting-edge technology to essential enterprise infrastructure. With vector databases becoming more crucial, enterprises are taking an ever closer look at performance and cost. Zilliz, the company behind the open-source Milvus vector database, is announcing new features aimed at dramatically reducing costs and complexity for production deployments, addressing the growing demands of enterprise users who have moved beyond initial experiments to full-scale AI implementations.The timing is particularly relevant given the explosive growth in vector database adoption since late 2022, when OpenAI’s ChatGPT catalyzed widespread interest in AI applications. The new features specifically target enterprises struggling with growing deployment sizes and the complexity of managing vector databases in production environments. In just two years, deployment scales have grown from millions to billions of vectors

AiThority
Sep 10th, 2024
Zilliz Cloud Enhances Enterprise AI Infrastructure with Key Features for Production GenAI Workloads

Zilliz Cloud Expands Global Footprint and Enhances Performance: Zilliz Cloud has significantly expanded its global footprint with the addition of the Tokyo AWS region, bringing its worldwide coverage to 12 regions.

Bakersfield.com
Mar 20th, 2024
Zilliz Introduces Milvus 2.4 with GPU Indexing Support for CAGRA

Zilliz introduces Milvus 2.4 with GPU Indexing support for CAGRA.

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