About LanceDB
LanceDB is a company based in San Francisco (United States) founded in 2022 by Lei Xu and Chang She.. LanceDB has raised $44 million across 3 funding rounds from investors including Databricks, Runway and Swift Ventures. LanceDB operates in a competitive market with competitors including DataStax, Weaviate, Qdrant, SeMI Technologies and SuperDuperDB, among others.
- Headquarter San Francisco, United States
- Founders Lei Xu, Chang She
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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
$44 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series A
Jun 24, 2025
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Investors
Databricks
& 7 more
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Employee Count
Employee Count
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Funding Insights of LanceDB
LanceDB has successfully raised a total of $44M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in June 2025. 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 A — $30.0M
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First Round
First Round
(01 Mar 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series A - LanceDB | Valuation | Theory Ventures | |
| May, 2024 | Amount | Seed - LanceDB | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - LanceDB | Valuation | Y Combinator |
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| 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 LanceDB
LanceDB has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Databricks, Runway and Swift 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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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Essence VC, focusing on infrastructure startups.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 LanceDB
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - LanceDB
| 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 |
Lancedb Comparisons
Competitors of LanceDB
LanceDB 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 DataStax, Weaviate, Qdrant, SeMI Technologies and SuperDuperDB, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based database platform for enterprises
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| domain | founded_year | HQ Location |
Vector database for AI-powered search and applications is developed.
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| domain | founded_year | HQ Location |
AI-powered vector database for data search and management.
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| domain | founded_year | HQ Location |
Offers AI and cloud-based storage solutions for objects and vectors.
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| domain | founded_year | HQ Location |
Open source based vector database for AI app development
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Lancedb
Frequently Asked Questions about LanceDB
When was LanceDB founded?
LanceDB was founded in 2022.
Where is LanceDB located?
LanceDB is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of LanceDB?
Chang She is the current CEO of LanceDB. They have also founded this company.
Is LanceDB a funded company?
LanceDB is a funded company, having raised a total of $44M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Mar 01, 2022.
What does LanceDB do?
Developer of a unified data platform designed for multimodal data. The platform supports storage, search, feature engineering, analytics, and training. It facilitates fast scans, random access, and large blob storage. The platform offers advanced retrieval capabilities, including hybrid search and filtering. It automates feature engineering with declarative, distributed, and versioned pre-processing. The platform also provides high-performance SQL for multimodal data exploration and optimized training pipelines.
Who are the top competitors of LanceDB?
Who are LanceDB's investors?
LanceDB has 8 investors. Key investors include Databricks, Runway, Swift Ventures, Essence VC, and Y Combinator.