Weaviate

Weaviate is an open-source vector database designed for AI applications, targeting enterprises dealing with high-dimensional data. Based in Amsterdam, it follows a B2B SaaS model. By focusing on efficient storage and management of complex AI data, Weaviate addresses scalability and data retrieval speed issues that traditional and proprietary databases often face. Backed by investors like Index Ventures and New Enterprise Associates, Weaviate has strong market potential. Its open-source nature encourages community-driven enhancements and offers businesses a customizable and cost-effective solution for advanced AI processing.