October 3, 2024: Voyage AI Secures $20M for Enhanced AI Models - Voyage AI, a data management startup, raised $20M in Series A funding from investors like CRV, Snowflake, and Databricks. The Palo Alto-based company specializes in embedding technology that translates data for AI model processing, promising superior retrieval quality and reduced storage costs. Voyage AI unveiled two new models, voyage-3 and voyage-3-lite, boasting better performance and cost-effectiveness than OpenAIs offerings. Additionally, they launched rerankers to optimize search result relevance. The funds will support the expansion of Voyage AIs product portfolio.
