Contextual AI
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Company type | Privately held company |
|---|---|
| Industry | Information technology |
| Founded | 2023 |
| Founders | Douwe Kiela, Amanpreet Singh |
| Headquarters | Mountain View, California, U.S. |
Number of employees | 95 |
| Website | contextual |
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]