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Algolia (YC W14) raises a $18.3M Series A
- based2 11y agoby the creators of exalead
- csbrooks 11y agoI love Algolia. Used it as a core part of a project I worked on. Very slick.
- arnaudcb 11y agoGreat folks, great technology. Well done Nicolas, Julien and team!
- thomasfromcdnjs 11y agoCongratulations team Algolia! We loved all the help Sylvain gave us with the cdnjs.com search. It just works, and faster than anything I've ever seen.
- sylvinus 11y agoCongrats to the team!
- pbiggar 11y agoI'd love some insight from the Algolia folks on what metrics it took to put this massive round together (esp considering the 2nd seed). Obviously, it means that you had middling numbers for the 2nd seed that you've managed to turn into fairly substantial growth (congratulations!). $2m ARR with 25% MoM growth?
- ndessaigne 11y agoThanks! Pretty good guess, you're close :)
- pbiggar 11y ago:) Can you give more specifics, esp around the monthly growth. The difference between 20% and 30% is pretty massive there!
- ndessaigne 11y ago30% on average in 2014, lower today. Sorry we don't disclose specifics (at least for now). Happy to share experience offline however.
- pbiggar 11y agoNo worries. Those are fantastic numbers, congrats!
- rokhayakebe 11y agoHow did you come up with $2M ARR, my usual assumption is a startup will raise what they expect to make the next 18 months. In this case that would be close to $1M Monthly Recurring.
- hamhamed 11y agoI really want to use Algolia, but their pricing model just sucks. What's the point of a 14 day trial? If I'm going to spend a couple days hacking something using Algolia, I wouldn't want it to end in 14 days. And it's extremely expensive..$49 a month for the starter package? No thanks. Their free plan can only store 1000 rows..that's really small. What they should do is at least 100k row for free (I'd even go to 1 million), but charge me the moment i surpass X amount of requests. That way I would be comfortable using Algolia from day 1 of my startup and stick with them forever.
- pbiggar 11y agoIf you're building a startup, you should consider $49/mo to be a trivial expense and just pay it. I'm aware that you'll need to use dozens of services and the cost may well achieve $1000/mo, even in the early days. Doesn't matter, just pay it. Startups are about growth. Paying for SaaS allows you to focus on your product and to grow much more quickly and aggressively than you would otherwise. It's silly and wasteful to even think about not spending $49/mo for the kind of leverage you'd get from Algolia.
- hamhamed 11y agoNobody said my startup is going to make it.. I need to test it out on the side, let it run a couple of months before I make a real move. And if it's limiting me on 1000 entries my startup won't be able to work on it's full potential
- biot 11y agoWith anything you're trading money for time. If you don't want to pay their more than fair asking price, then use your time to roll your own solution. It probably won't be as good but, as you say, your business may not succeed so why allocate resources towards the best solution before you've even proven your business model?
- hamhamed 11y ago
- ameyamk 11y agoAlgolia is mind blowing. We are replacing mysql backend with algolia and its bringing down latencies from 300-400 ms down to 10-20 ms. Things like out of the box multi location support and full text search etc makes algolia compelling choice. All this at $49/ month is actually a good deal! I wish them well.
- MagicWishMonkey 11y agoDid you try Solr or ElasticSearch before deciding to go with Algolia? Comparing them to MySQL is a bit of an apples/orange comparison, I would like to know how they compare to other search platforms.
- ameyamk 11y agoWell. Setting up your own Solr/ elastic search would cost lot more than $49. Here you have a benefit of having platform as a service too
- spanktar 11y agoHave you checked out Crate.IO? https://crate.io/overview https://crate.io/overview as an "SQL for Elasticsearch" option.
- shah_s 11y agoCongrats. I checked out Algolia a while back, and its great to see such progress. I wonder if Algolia and Swiftype will merge because they both offer great products.
- oimaz 11y agohow are algolia and swiftype different?
- leeleelee 11y agoI've never had a problem implementing realtime search. Can somebody give me an example use case where algolia is a better solution than doing it yourself? Clearly it's a popular, in-demand service -- I'm genuinely curious as to the types of apps/websites this is best suited for.
- awad 11y agoCompanies that don't employ people as talented as you probably are. There are lots of them, and they have plenty of dollars to spend on services that fulfill their needs. Often, technology is not the core strength of these companies.
- jakozaur 11y agoCongratulations! "Originally from France, the company is now headquartered in San Francisco." Hmm, is it really advantage to move engineering to Bay Area from France. On LinkedIn it looks they have more than half of company employees are in Paris. Given large cost of living in Bay Area and how hard is to hire engineers there, it may make sense to grow their Paris office.
- ndessaigne 11y agoThanks :) Actually, we intend to continue growing the company in Paris too. The product is developed there.
- jedisct1 11y agoGood luck raising funds in France :( Docker also moved from France to San Francisco and if they hadn't done so, they would be dead by now. Congrats to Algolia. They have a killer product, backed by a really talented team.
- jacquesm 11y agoThe 'dailymotion' story certainly didn't help the French tech scene.
- jacquesm 11y agoYes, it's a huge advantage. It's unfortunate but that's the way it is at the moment, especially if you plan to get much bigger. Europe has very few large tech success stories. Of course if all the successful companies move their headquarters to the USA that will continue to be the case but there are certain very hard to replicate properties of both the Valley ecosystem and the USA in general (access to both capital and a very large audience with one dominant language) that make it an option you ignore at your peril. Note how it was Accel partners and not some French VC for this round. There are a number of examples of foreign owned successful companies that appear to the public as a US success story (Logitech for instance, which in fact is a Swiss company).
- naiv 11y agofantastic ui. we barely use elasticsearch for searches but for statistics and data analytics, will these features also be added?
- ndessaigne 11y agoWe already provide analytics about the searches performed on your indices. However, we focus on user-facing search use-cases. We don't recommend using Algolia for processing your logs for example. See this quora answer for an Elasticsearch / Algolia comparison: http://www.quora.com/How-does-Elasticsearch-relate-and-or-compare-to-Algolias-Search-as-a-Service http://www.quora.com/How-does-Elasticsearch-relate-and-or-co...