Neeva, co-founded by a former Google exec, to shut down its consumer search product and focus on A.I.
Krisztian Bocsi | Bloomberg | Getty Images
Neeva, the privacy-focused search firm co-founded by former Google government Sridhar Ramaswamy, introduced Saturday that it’s shutting down its consumer search engine and will focus on exploring use instances for synthetic intelligence.
In a blog post on the corporate’s web site, Ramaswamy and Vivek Raghunathan, one other Neeva co-founder, wrote that “buying customers has been actually laborious.” They stated this problem, as well as to the “completely different financial atmosphere,” have made it clear that a enterprise in consumer search will not be sustainable.
“This was a very powerful choice that took under consideration a number of issues: our enterprise progress to this point, the present funding atmosphere and our capability to proceed to develop rapidly on this vastly modified search atmosphere,” Ramaswamy stated in a tweet Saturday.
A consultant for Neeva didn’t instantly reply to requests for remark.
Ramaswamy built Neeva in 2019 after leaving his position as senior vice chairman of Google’s advert enterprise a yr earlier, which he stated was over disillusionment with the corporate’s relentless focus on sustaining progress on the expense of customers.
Neeva will discover use instances for generative AI and massive language fashions in search going ahead, in accordance to the submit. Neeva.com and its consumer search product will shut down over the subsequent few weeks.
Neeva customers with a paid subscription to Neeva Premium will obtain a refund for the unused portion, and the corporate can be deleting all consumer information as a part of the shutdown, Ramaswamy and Raghunathan stated within the weblog submit.
The executives stated they’ll have extra to share about the way forward for Neeva within the coming weeks.