Contextual AI

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Company type
Privately held company
IndustryInformation technology
Founded2023
FoundersDouwe Kiela, Amanpreet Singh
Contextual AI
Company type
Privately held company
IndustryInformation technology
Founded2023
FoundersDouwe Kiela, Amanpreet Singh
HeadquartersMountain View, California, U.S.
Number of employees
95
Websitecontextual.ai

Contextual AI is an enterprise software company[1] based in Mountain View, California. It develops a platform for building[2] specialized Retrieval-Augmented Generation (RAG) agents for enterprise use.[3] The company was founded in 2023 by Douwe Kiela and Amanpreet Singh, both former AI researchers at Facebook AI Research (FAIR)[4] and Hugging Face.[5] Douwe Kiela previously led the Meta research team that introduced the Retrieval-Augmented Generation (RAG) approach in 2020.[6][7][8]

Contextual AI focuses on enterprise generative AI applications using RAG 2.0 technology,[9] with deployments primarily in the technology, banking, finance and media sectors.[10]

In June 2023, Contextual AI announced[4] it had raised $20 million in a seed funding round led by Bain Capital Ventures (BCV), with participation from Lightspeed Venture Partners, Greycroft, SV Angel, and several angel investors.[2]

In August 2024, the company raised $80 million in a Series A funding round[11] led by Greycroft,[12] with participation from previous investors[13] including Bain Capital Ventures, Lightspeed, and Conviction Partners.[14] The round also included new backers such as Bezos Expeditions, NVentures (Nvidia), HSBC Ventures, and Snowflake Ventures.[15]

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