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Neeva's Surprising Shutdown: Pivoting to AI and Potential Snowflake Acquisition in the Search Engine


Neeva tried to build a different kind of search engine — but couldn’t make the business work
Figure 1. Neeva tried to build a different kind of search engine — but couldn’t make the business work (Pierce, 2023). Image: Neeva. Retrieved from www.theverge.com

Neeva, the ad-free search engine that promised to be a competitor to Google, is shutting down. Launched less than two years ago, Neeva's failure was due to its inability to attract enough users and revenue.


The Mountain View, CA-based search startup had been seen as a promising AI-driven alternative to Google Search. However, it appears that the company has decided to pivot away from consumer search and focus on enterprise customers instead.


Neeva was co-founded by former Google executive Sridhar Ramaswamy and offered a privacy-focused search engine. The company announced Saturday that it is shutting down its consumer search engine on June 2nd and plans to shift its focus towards enterprise customers.

Snowflake and Neeva
Figure 2. Snowflake deal appears imminent as Neeva shuts down search, pivots to enterprise LLMs. Image by Canva.

A Snowflake deal for Neeva seems imminent after the announcement of the shutdown. Snowflake is a cloud data platform that enables organizations to store and analyze data quickly and securely in the cloud. It appears that Neeva will be leveraging its large collection of AI models for this new venture into enterprise solutions.


It's unfortunate that Neeva won't be able to fulfill its promise of providing an ad-free, privacy-focused alternative to Google Search. However, it looks like the company may still have a bright future ahead in the enterprise space with their AI models and potential acquisition by Snowflake.


Sources:

  • https://www.theverge.com/2023/5/20/23731397/neeva-search-engine-google-shutdown

  • https://searchengineland.com/neeva-shutting-down-427384

  • https://venturebeat.com/ai/snowflake-deal-appears-imminent-as-neeva-shuts-down-search-pivots-to-enterprise-llms/

  • https://www.cnbc.com/2023/05/20/neeva

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