Search startup Algolia closes Seed funding with a big boost
Database search startup Algolia has announced a $1.2 million extension of its Seed funding round. The new investment, from Storm Ventures and additional Angel investors, brings the round to $2.8 million at its closing for the Y Combinator graduate. Investors in the initial $1.6 million raised include 500 Startups, Alven Capital, Index Ventures and Point Nine Capital. The San Francisco-and Paris-based company offers hosted search-as-a-service that allows developers to deliver more meaningful and faster search results for users in real-time.