deepset Secures $45 Million in Funding to Revolutionize AI Applications with deepset Cloud Platform

We are excited to announce that deepset has successfully raised $45 million in a recent funding round, marking a significant milestone in our journey to revolutionize the way organizations optimize their AI capabilities. As a leader in enterprise natural language processing (NLP) solutions, deepset is dedicated to empowering teams to design, deploy, and monitor sophisticated AI applications through our flagship platform, deepset Cloud. Launched in 2018, deepset Cloud has transformed the workflows of various industries, including finance, manufacturing, and legal, by harnessing the immense potential of large language models (LLMs) with pre-built components and a unified development environment. This fresh capital will be instrumental in scaling our operations, enhancing our product offerings, and expanding into new markets, ensuring that we remain at the forefront of AI innovation. The funding will also support the continued development of Haystack, our trusted open-source technology that enables teams to build standalone applications powered by LLMs. With this funding boost, we are poised to further our mission of facilitating businesses to harness the capabilities of AI—because at deepset, we believe that if you can dream it, you can build it. Thank you to our investors for their trust and support; together, we are committed to unlocking even greater possibilities in the AI landscape.