October 3, 2024: Voyage AI Secures $20M for Advanced Data Solutions - Voyage AI raised $20 million led by CRV, with support from Snowflake and Databricks, boosting its total funding to $28 million. The Palo Alto-based startup specializes in AI data management, offering models that efficiently convert data into embeddings for AI processing. Voyage AIs new voyage-3 models outperform OpenAIs algorithms in retrieval quality and cost-effectiveness. Additionally, Voyage launched rerankers to enhance search result relevance. The funds will expand its AI model portfolio, solidifying its position in the data management landscape.
