Tag: Database

. Database startup Pinecone recently made headlines after securing $100 million in funding. Their success was attributed to the usage of AI tools; vector embeddings and ChatGPT, which enabled rapid and cost effective access to data stores. Now, AI developers can use Pinecone to easily access and store information for all kinds of applications, from facial detection to fraud detection. With this massive funding, Pinecone's possibilities are endless and could lead us to an exciting new era of AI-powered development.

. Ditto is a distributed database provider, raising $45 million in Series A from Acrew Capital and U.S. Innovative Technology Fund (USIT). The database can work offline and adapts to data stored in the cloud and edge. Businesses can now use contactless solutions to maintain operations, even during internet outages. Thousands of customers, including large airlines, have already adopted Ditto's services. With additional SDKs and now $54 million in total funding, Ditto is confident in the strength of its platform.

Covariant leverages its AI-powered platform, the Covariant Brain, to make automated robotic picking quicker and easier by recognizing different package sizes, shapes and materials. Its Series C extension drew in over $222 million in funding from various investors, allowing the company to explore different applications for its technology. With this influx of resources, Covariant is sure to revolutionize existing industries in the coming years.