Algolia named a leader in IDC MarketScape

Algolia has been named a leader in the IDC Marketscape for Worldwide General-Purpose Knowledge Discovery Software 2023 Vendor Assessment. The company's NeuralSearch™ platform, which combines vector and keyword search with AI processing, sets it apart from competitors. Algolia's technology delivers measurable results across various digital use cases, including e-commerce and internal decisioning. Its approach to relevance in search and discovery requires unheard-of precision and contextual understanding compared to traditional solutions. The company's NeuralSearch solution provides speed, accuracy, and scalability while reducing the load on internal teams. Algolia's Inference API enables organizations to transform existing data into a vector database without requiring specialized vector databases. Its architecture is LLM-agnostic, allowing for efficient pivoting to emerging solutions. The company's suite of tools and integrations is built for developer efficiency, with 5 million developers using its services each month. Algolia drives relevance for over 17,000 customers across 150 countries, handling 1.75 trillion queries per year. Its specialized features for e-commerce support the unique demands of online retail search and discovery, enabling businesses to impact applications in any channel at scale.