About deepset
deepset is a company based in Berlin (Germany) founded in 2018.. deepset has raised $45.6 million across 3 funding rounds from investors including Tiny VC, Balderton Capital and Google Ventures. deepset offers products and services including deepset AI Platform, Haystack, and Retrieval Augmented Generation (RAG). deepset operates in a competitive market with competitors including Stability AI, LangChain, Fetch.ai, Mozn and Stockmark, among others.
- Headquarter Berlin, Germany
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.6 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Aug 09, 2023
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Investors
Tiny VC
& 13 more
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Employee Count
Employee Count
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Products & Services of deepset
deepset offers a comprehensive portfolio of products and services, including deepset AI Platform, Haystack, and Retrieval Augmented Generation (RAG). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for streamlining and scaling AI application development.
Framework for orchestrating components in custom LLM applications.
System for creating contextual chat experiences with knowledge bases.
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Funding Insights of deepset
deepset has successfully raised a total of $45.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
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First Round
First Round
(07 Mar 2021)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - deepset | Valuation | Balderton Capital | |
| Apr, 2022 | Amount | Series A - deepset | Valuation | Google Ventures | |
| Mar, 2021 | Amount | Seed - deepset | Valuation | System.One , Acequia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in deepset
deepset has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Tiny VC, Balderton Capital and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multistage venture capital investments are focused on technology sectors.
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are made in American technological innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by deepset
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - deepset
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deepset Comparisons
Competitors of deepset
deepset operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stability AI, LangChain, Fetch.ai, Mozn and Stockmark, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of generative AI models for image, video, audio, and 3D
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| domain | founded_year | HQ Location |
Developer of tools for building, testing, and deploying AI agent applications
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| domain | founded_year | HQ Location |
Blockchain-based network for AI infrastructure and applications is operated.
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| domain | founded_year | HQ Location |
Artificial Intelligence solutions to empower enterprises in making critical decisions
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| domain | founded_year | HQ Location |
NLP-based data analysis solutions are offered for global business news.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deepset
Frequently Asked Questions about deepset
When was deepset founded?
deepset was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is deepset located?
deepset is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is deepset a funded company?
deepset is a funded company, having raised a total of $45.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Mar 07, 2021.
What does deepset do?
deepset was founded in 2018 in Berlin, Germany, as a provider in the natural language processing sector. An open-source platform based on NLP is offered, allowing developers to apply the latest language models and transfer learning techniques to various tasks. Operations focus on text analytics solutions, supporting integration for enterprise and research applications across Europe and beyond.
Who are the top competitors of deepset?
deepset's top competitors include Stability AI, Mozn and LangChain.
What products or services does deepset offer?
deepset offers deepset AI Platform, Haystack, and Retrieval Augmented Generation (RAG).
Who are deepset's investors?
deepset has 14 investors. Key investors include Tiny VC, Balderton Capital, Google Ventures, Harpoon Ventures, and Lunar Ventures.
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