$12.5M Series A to Bring Structure to Unstructured Data

The SaaS CFO

May 23, 2024•20 min

--:--

Listen in podcast apps:

Apple Podcasts

Spotify

Download

Listen to this episode in Metacast mobile app

Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

Greetings, SaaS CFO Podcast listeners! In today's episode, we are thrilled to have Tom Hamer, the co-founder and CEO of Marqo, join us. Tom, who started his career as a software engineer at AWS and has been developing apps since he was just 14, shares his journey from his early beginnings to founding Marqo in 2022.

Marqo offers an end-to-end vector search platform powered by the latest AI models, designed to revolutionize information retrieval. Tom discusses the unique qualities of Marqo , including its open-source and cloud platform offerings, and how it's being used by diverse industries from ecommerce to government.

He also delves into their fast-paced growth, fundraising journey, and plans to scale further with a focus on customer success. Stick around for insights into their innovative approach and the exciting road ahead!

Show Notes:

00:00 Vector databases revolutionize information retrieval with AI.

04:10 Marko powers e-commerce search and recommendations.

08:08 Open source community with users and talent.

11:55 Open source growth led to strong commercial interest.

13:17 Open source accelerates growth and developer trust.

16:22 Build connections, engage investors, gradually lead fundraising.

19:52 Promoting Marqo AI on LinkedIn, appreciated.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/marqo-closes-12-5-million-in-series-a

Tom Hamer’s LinkedIn: https://www.linkedin.com/in/tom-hamer-%F0%9F%A6%9B-04a6369b

Marqo AI’s LinkedIn: https://www.linkedin.com/company/marqo-ai/

Marqo AI’s Website: https://marqo.ai/