The funding round was led by Menlo Ventures, with participation from new investor Tiger Global and previous investors including Wing Venture Capital, who led the company's seed-stage financing. Since coming out of stealth last year Pinecone has emerged as the leader of a new generation of search technology with thousands of developers signing up for their vector-database product.

Pinecone has built the first vector database to enable the next generation of artificial intelligence (AI) applications in the cloud. Its engineers built ML platforms at AWS, DataBricks, Yahoo, Google, and Splunk, and its scientists published more than 100 academic papers and patents on machine learning, data science, systems, and algorithms. Pinecone operates in Silicon Valley, New York and Tel Aviv. For more information, see https://www.pinecone.io.