Tech Company Financing Transactions
Qdrant Funding Round
Qdrant closed a $7.5 million Seed funding round on 4/19/2023. Investors included Unusual Ventures, 42CAP and IBB Ventures.
Transaction Overview
Company Name
Announced On
4/19/2023
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Seed
Investors
Proceeds Purpose
The company will use the funds to help bring its technology deeper into the commercial sphere.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Chausseestraße 86
Berlin, 10115
DE
Berlin, 10115
DE
Phone
Undisclosed
Website
Email Address
Overview
Qdrant engine is an open-source vector search database. It deploys as an API service providing a search for the nearest high-dimensional vectors. With Qdrant, embeddings or neural network encoders can be turned into full-fledged applications for matching, searching, recommending, and much more.
Management Team
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We do our best to document tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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