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Deal News - GreenGate Partners advises Qdrant on USD 50 Mio. Series B funding Round
Qdrant, a Berlin-based developer of a high-performance open-source vector database for AI applications, has successfully secured new funding to accelerate the development and global expansion of its technology platform.
The company develops a scalable vector database and search engine designed to manage and retrieve high-dimensional vector embeddings generated from unstructured data such as text, images, audio, and video. Vector databases have become a fundamental infrastructure component for modern artificial intelligence applications, enabling use cases such as semantic search, recommendation systems, anomaly detection and retrieval-augmented generation (RAG).
The proceeds from the financing will be used to further enhance Qdrant’s platform, expand its engineering and product teams, and accelerate global adoption of its vector search infrastructure as part of the rapidly growing AI technology stack.
Advisors GreenGate Partners
René Spitz LL.M. (USC) (Partner / Corporate)
Ricarda Neukam, LL. M. (Stellenbosch) (Salary Partner / Commercial, IP/IT)
Constantin Forstner (Senior Associate / Corporate)
Carl von Sydow (Associate / Corporate)
Zoe Drost (Associate / Corporate)