San Francisco – May 3, 2023 – Algolia, the world’s only end-to-end AI Search and Discovery platform, announced that it has been selected as a finalist in the Digital Technology category of Ventana Research’s Annual Digital Innovation Awards. Algolia’s inclusion as a finalist is due to its significant contributions to the advancement of Artificial Intelligence (AI) technology with Algolia NeuralSearch

“Algolia has a strong commitment to empowering companies to modernize their search and discovery capabilities and revamp the customer journey through the use of cutting-edge AI,” said Michelle Adams, chief revenue officer, Algolia. “Being named as a finalist by Ventana Research further validates Algolia as an AI Search leader and Algolia NeuralSearch’s ability to revolutionize the way individuals engage with online content, while delivering superior conversions and increased revenue at enterprise scale.” 

Algolia NeuralSearch combines next-generation vector and keyword search in a single API with powerful end-to-end AI processing for every query. Algolia NeuralSearch understands natural language and delivers highly accurate and relevant results in milliseconds. This technology is a breakthrough in search and discovery that promises to revolutionize the way individuals engage with content online or in apps. Algolia NeuralSearch delivers superior conversions and increased revenue at enterprise scale for huge production workloads. It uses advanced Large Language Models (LLM) – the same technology underpinning ChatGPT and generative AI – and goes a step further with Algolia’s NeuralHashing for hyper-scale and constantly learns from user interactions for better results.

The Digital Technology category, in which Algolia has been named a finalist, selects companies that best exemplify innovation in AI, machine learning, analytics and data, blockchain, cloud computing, collaborative and conversational computing, mobile computing, extended reality, Internet of Things, and robotic automation. Additional finalists in this category include OpenAI’s ChatGPT and GPT-4 products and Kognitos for Kognitos Koncierge.

Ventana’s Digital Innovation Awards cover 10 categories: Analytics, Data, Customer Experience, Digital Business, Digital Technology, Human Capital Management, Marketing, Office of Finance, Office of Revenue, and Operations & Supply Chain, and an Overall Award. Nominations were open to organizations across business and IT, technology vendors, and consulting firms. Award finalists were judged by the subject matter expert analyst team at Ventana Research, which scored the submissions on the digital innovation that most successfully maximizes the value and impact to an organization’s assets – its people, processes, information, and technology. 

For more information about Algolia and NeuralSearch, visit www.algolia.com/products/neuralsearch/. 

About Algolia  
Algolia is the world’s only end-to-end AI search and discovery platform. Our engineers invented a breakthrough use of AI to create exponentially better search & discovery. Our proprietary NeuralSearch tech combines vector-based natural language processing & keyword matching in a single API. Algolia powers 1.75 Trillion search requests a year or more than 30 Billion a week enabling more than 17,000 customers (including Under Armour, Stripe, Walgreens, Procter & Gamble, British Telecom and Citibank) in 150+ countries to build blazing fast and relevant search and discovery experiences for their in-app users and/or online visitors (using any web, mobile or voice device) – by surfacing the desired content instantly and at scale.To learn more, visit www.algolia.com.

About Ventana Research
Ventana Research is the most authoritative and respected market research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops, and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information, and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost, and risk. Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research’s insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook, and LinkedIn. To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmark research, education, and advisory services, visit www.ventanaresearch.com.