Image Credit: LinkedIn
San Francisco: Onyx, an open-source AI enterprise search platform, has raised $10 million in a seed funding round co-led by Khosla Ventures and First Round Capital.
The investment aims to enhance Onyx's mission to transform how organizations access and utilize internal knowledge.
Key Facts:
- Onyx secured $10 million in seed funding, co-led by Khosla Ventures and First Round Capital, with participation from Y Combinator and prominent angel investors.
- The platform integrates with over 40 internal company data sources, including Salesforce, GitHub, and Google Drive, enabling rapid deployment within approximately 30 minutes.
- Founded in 2023 by Yuhong Sun and Chris Weaver, Onyx focuses on making enterprise knowledge more accessible and actionable.
The newly acquired funds will be utilized to further develop Onyx's AI research agent and expand its team, focusing on key roles in engineering, developer relations, and go-to-market strategies.
Onyx's platform functions as an AI assistant that connects to all company tools and documents, allowing employees to find information swiftly using natural language processing.
By integrating with a wide array of applications, Onyx offers features like AI assistants, document-level permissions, and customizable workflows.
The platform is designed for enterprises, ensuring data security and flexibility by allowing self-hosting and integration with any model provider.
This investment underscores the growing importance of AI-driven solutions in enhancing workplace efficiency and knowledge management.
With backing from prominent investors, Onyx is poised to make significant strides in the enterprise search landscape, offering organizations the tools to unlock the full potential of their internal data.
Do You Know?
Onyx's open-source nature allows organizations to customize and extend its capabilities, fostering a community-driven approach to enterprise AI development. (Source: ONYX)
Key Terms:
Seed Funding: Initial capital raised by a startup to support early-stage product development and market entry.
Natural Language Processing (NLP): A field of AI that enables computers to understand and process human language.
Open Source: Software with source code that anyone can inspect, modify, and enhance.
AI Assistant: An application that uses artificial intelligence to perform tasks or services for an individual or organization.