Business News Report

Neeva Discontinues Consumer Search Platform, Redirects Efforts Toward AI Focus

In Brief

The privacy-oriented search engine, Neeva, has made the critical decision to turn off its consumer search tool.

The founders identified several hurdles, including difficulties in attracting new users along with the daunting economic landscape, as reasons behind this shutdown.

Moving forward, Neeva plans to delve into AI applications and explore new avenues within the enterprise sector.

neeva

Neeva Previously hailed as a formidable rival to Google, Neeva has revealed its choice to discontinue its consumer search platform to realign its focus towards AI. This Mountain View-based firm, recognized for its strong emphasis on privacy, announced this transition through a blog post authored by its co-founders, Sridhar Ramaswamy and Vivek Raghunathan. They pointed to several challenges, including attracting new clientele and navigating a tough economic climate, as pivotal factors driving this transformation. blog post Neeva has concluded that the path they were on was unsustainable for long-term success. As they wrap up their consumer search operations, they are eager to shift their focus to the enterprise sector, offering innovative, secure, and responsible applications of large language models (LLMs).

Neeva has acknowledged its goal of incorporating AI into the search domain to radically alter how users access information. The firm aims to become known as 'the pioneering search engine delivering cited, instantaneous AI-generated answers.' With a focus on leveraging their search expertise and LLMs in corporate environments, they promise to provide updates on their future projects soon.

"Making this decision was exceedingly challenging, influenced by numerous factors: our progress in business so far, the current climate of funding, and our capacity for rapid growth in this ever-evolving search landscape. We take immense pride in our achievements: developing a search engine from the ground up with a small team of fifty and unveiling the world's first LLM-driven answer engine capable of providing trustworthy citations,\" is proud The trajectory of the company now appears to rely heavily on the utilization of AI technology. There are swirling rumors of a potential takeover by Snowflake, as suggested in various reports.

As per the blog update, Neeva has assured users subscribed to Neeva Premium, their paid subscription model, that refunds will be processed for the remaining duration of their subscriptions. In alignment with their shutdown plans, the firm will also delete all user data, reinforcing their commitment to user privacy.

Ramaswamy  wrote  on Twitter.

The shutdown will take place over the upcoming weeks. The Information .

We are truly grateful to our devoted community of customers and users who have stood by us throughout the years. ❤️

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