How much funding has Pinecone raised?

Pinecone has raised $138M in total funding. Their latest funding round was Series B. Key investors include Andreessen Horowitz, ICONIQ Growth, Menlo Ventures, Wing Venture Capital.

Where is Pinecone headquartered?

Pinecone is headquartered in New York, USA. The company has a team of 51-200 people.

What does Pinecone do?

Pinecone operates in the AI Infrastructure sector. Pinecone is a trusted AI knowledge platform—managed vector database, Nexus knowledge engine for agents, and Marketplace—enabling accurate, scalable retrieval and agent-ready enterprise knowledge. To provide a simple, fully managed, and scalable vector database that enables developers to easily build knowledgeable AI applications with features like semantic search, recommendations, and threat detection, without needing expertise in algorithms or infrastructure.

When was Pinecone founded?

Pinecone was founded in 2019. It is based in New York, USA.

Who is the CEO of Pinecone?

Ash Ashutosh is the CEO of Pinecone. The company was founded in 2019.

What funding stage is Pinecone at?

Pinecone is currently at the Growth Stage stage.

How many employees does Pinecone have?

Pinecone has approximately 51-200 employees.

Pinecone

Category: AI Infrastructure

Pinecone is a trusted AI knowledge platform—managed vector database, Nexus knowledge engine for agents, and Marketplace—enabling accurate, scalable retrieval and agent-ready enterprise knowledge. Pinecone was founded in 2019. The company is led by Ash Ashutosh. Based in New York, USA. Team size: 51-200. Total funding raised: $138M. Latest round: Series B. Key investors include Andreessen Horowitz, ICONIQ Growth, Menlo Ventures, Wing Venture Capital.

Founded: 2019
Headquarters: New York, USA
Team size: 51-200
Total funding: $138M

Value proposition

To provide a simple, fully managed, and scalable vector database that enables developers to easily build knowledgeable AI applications with features like semantic search, recommendations, and threat detection, without needing expertise in algorithms or infrastructure.

Products and solutions

Pinecone Vector Database (managed serverless), Pinecone Nexus (knowledge engine for agents; GA Aug 2026), Pinecone Marketplace, Pinecone Assistant, Dedicated Read Nodes, Bring Your Own Cloud (BYOC; GA Aug 2026), Full-text search and hybrid retrieval

Unique value

Pinecone pioneered the concept of a fully managed, cloud-native vector database, abstracting away the complexities of vector search for developers. Its architecture is purpose-built for performance at scale, combining low latency, high recall, and data freshness, which differentiates it from self-hosted libraries or traditional databases with vector search add-ons.

Target customer

Developers, data scientists, and machine learning engineers who are building AI-powered applications requiring long-term memory and real-time, large-scale vector search.

Industries served

SaaS, E-commerce & Retail, Search, Cybersecurity, Finance, Media & Entertainment

Technology advantage

Pinecone's key technological advantage is its proprietary distributed indexing and retrieval system, optimized for cost-effective performance at any scale. Its business advantage stems from being an early market leader, fostering a strong developer community through a product-led growth model, and securing significant venture capital backing to accelerate innovation and market penetration.

How they differentiate

Pinecone differentiates itself by being a fully managed, cloud-native vector database that is easy to use and scale. Unlike many open-source alternatives, Pinecone focuses on providing a production-ready solution with high performance and low latency, which is attractive to enterprises that want to avoid the operational overhead of managing their own infrastructure. It also offers advanced features like filtering and real-time indexing.

Main competitors

Weaviate, Milvus, Qdrant

Key partnerships

Andreessen Horowitz (Lead Investor), ICONIQ Growth, Menlo Ventures, Wing Venture Capital, Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft (OneLake / Fabric Nexus integration; Marketplace), Commvault, ZoomInfo

Notable customers

Gong, ZoomInfo, Vanguard, Shopify, HubSpot, Zapier

Major milestones

Launched its first commercial product in 2021., Raised $100M Series B in April 2023 at $750M valuation., Introduced serverless architecture in 2024., Appointed Ash Ashutosh as CEO; Edo Liberty became Chief Scientist (Sept 2025)., Pinecone Nexus public preview / knowledge-engine launch (May–Jul 2026); Microsoft OneLake integration (Jun 2026)., Nexus generally available (Aug 6, 2026); BYOC GA (Aug 2026)., CEO: >10,000 customers and 1M developers; Edo Liberty stepped back from day-to-day (Aug 2026), remains shareholder/board.

Growth metrics

As of August 2026, Pinecone reports more than 10,000 customers and 1M developers worldwide. Serverless Database retention above 130%; annual commitments ~40% of revenue; committed backlog up >60% YTD (CEO blog Aug 2026). Team ~51-200.

Market positioning

Pinecone is a leader in the managed vector database market, particularly for enterprise applications. It is positioned as a premium, high-performance solution for companies that need to build scalable AI applications with vector search capabilities. Its strong funding and enterprise customer base solidify its position as a top contender in the AI infrastructure space.

Geographic focus

Pinecone is headquartered in New York, USA, and has a global customer base. Its focus is primarily on the North American and European markets, but its cloud-based nature allows it to serve customers worldwide.

Patents and IP

While the company's scientists and engineers have collectively published over 100 academic papers and hold patents in machine learning and systems from previous roles, there is no public information available regarding patents filed directly by Pinecone. The core IP is centered around its proprietary cloud service architecture.

About Ash Ashutosh

Three-time founder of storage and data infrastructure companies (Serano Systems, AppIQ, Actifio). Former Global Director of Solution Sales at Google. Previously CTO of HP's storage division and partner at Greylock.

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Official website: https://www.pinecone.io/