$12.5M Series A to Bring Structure to Unstructured Data

May 23, 2024

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Greetings, SaaS CFO Podcast listeners! In today's episode, we are thrilled to have Tom Hamer, the co-founder and CEO of Marqo, join us. Tom, who started his career as a software engineer at AWS and has been developing apps since he was just 14, shares his journey from his early beginnings to founding Marqo in 2022.

Marqo offers an end-to-end vector search platform powered by the latest AI models, designed to revolutionize information retrieval. Tom discusses the unique qualities of Marqo , including its open-source and cloud platform offerings, and how it's being used by diverse industries from ecommerce to government.

He also delves into their fast-paced growth, fundraising journey, and plans to scale further with a focus on customer success. Stick around for insights into their innovative approach and the exciting road ahead!

Show Notes:

00:00 Vector databases revolutionize information retrieval with AI.

04:10 Marko powers e-commerce search and recommendations.

08:08 Open source community with users and talent.

11:55 Open source growth led to strong commercial interest.

13:17 Open source accelerates growth and developer trust.

16:22 Build connections, engage investors, gradually lead fundraising.

19:52 Promoting Marqo AI on LinkedIn, appreciated.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/marqo-closes-12-5-million-in-series-a

Tom Hamer’s LinkedIn: https://www.linkedin.com/in/tom-hamer-%F0%9F%A6%9B-04a6369b

Marqo AI’s LinkedIn: https://www.linkedin.com/company/marqo-ai/

Marqo AI’s Website: https://marqo.ai/

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