42CAP is a Munich-based seed stage investment firm established in 2014. It focuses on investing between €0.5 million and €1.5 million in seed-stage technology and data-driven business-to-business software companies throughout Europe. The firm aims to support companies with global ambitions, leveraging its expertise in the software sector. 42CAP has a notable history, having previously built and sold eCircle, one of Europe's largest SaaS companies, to Teradata in 2012. The firm's investment strategy includes targeting innovative businesses in the software and technology sectors, with a particular emphasis on database software.
Qdrant is an open-source vector similarity search engine that specializes in powering artificial intelligence applications through high-dimensional vector search capabilities. It provides a robust API service that allows users to efficiently search for the nearest vectors, facilitating various applications such as matching, searching, and recommending. Qdrant's technology transforms embeddings and neural network encoders into practical solutions for managing unstructured data. Additionally, the company offers a high-performance vector database that is accessible as a managed database as a service (DBaaS) in the cloud, enabling broader adoption while minimizing resource requirements and costs for users.
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