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    3. deepset GmbH

    deepset GmbH

    To make custom AI solutions accessible to every organization by simplifying the complexity of LLM agent and application development with speed, trust, and control.

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    At a Glance

    1Tool Listed
    2Products
    25Tool Views
    6Capabilities
    Discussions
    Berlin, GermanyHeadquarters
    2018Est.
    83Employees
    $45.6MRaised
    Focus Areas
    Agent Frameworks
    Retrieval-Augmented Generation
    AI Development Libraries
    Connect
    Latest News
    deepset Signs Strategic Collaboration Agreement with AWSApr 1, 2024
    deepset Recognized in 2024 Gartner Cool Vendors in AI EngineeringJan 1, 2024
    Markets
    • Enterprise
    • Government
    • Financial Services
    • Legal Tech
    • +1 more

    AI Tools by deepset GmbH

    (1)
    View Haystack
    Haystack tool icon

    Haystack

    Open Source RAG Pipeline Framework

    Agent FrameworksRAGAI Dev Libraries

    Discussions

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    Latest News

    04/01/2024

    deepset Signs Strategic Collaboration Agreement with AWS

    deepset.ai
    01/01/2024

    deepset Recognized in 2024 Gartner Cool Vendors in AI Engineering

    deepset.ai
    01/01/2024

    Haystack 2.0 Released: A New Era for AI Orchestration

    haystack.deepset.ai
    08/09/2023

    deepset raises $30M Series B to help enterprises leverage LLMs

    venturebeat.com

    Products & Services

    2
    Haystack
    2020

    Open-source Python framework for building production-ready LLM applications, agents, and RAG systems.

    deepset Cloud (Haystack Enterprise Platform)
    N/A

    Enterprise-grade platform for building, running, and governing AI applications with features like the Pipeline Builder, observability, and dedicated infrastructure.

    Market Position

    Leading enterprise AI orchestration framework known for its open-source core (Haystack) and flexible, modular architecture compared to rigid end-to-end solutions.

    Leadership

    Founders

    MR

    Milos Rusic

    Co-founder & CEO. Previously Director of Market Development at KONUX. Studied Finance and Information Management at Technical University of Munich.

    MP

    Malte Pietsch

    Co-founder & CTO. Focus on NLP and machine learning. Co-author of various research papers on transformer models and open-source contributor.

    TM

    Timo Möller

    Co-founder. Expert in deep learning and NLP research, particularly in the evaluation of transformer models like BERT.

    Executive Team

    MR

    Milos Rusic

    CEO & Co-Founder

    Former Director at KONUX; TU Munich alumnus.

    MP

    Malte Pietsch

    CTO & Co-Founder

    NLP researcher and open-source advocate.

    Board of Directors

    JW
    James Wise
    Partner at Balderton Capital
    KF
    Karim Faris
    General Partner at GV (Google Ventures)

    Founding Story

    Started in 2018 following the launch of BERT, deepset aimed to bring state-of-the-art NLP to the enterprise. After years of custom AI work, they launched the Haystack framework in 2020 to standardize AI application development.

    Business Model

    Revenue
    Estimated annual revenue between $2M (enrichment) and $12.5M (Latka reported).

    Revenue Model

    Commercial platform subscriptions (SaaS) and enterprise licenses (deepset Cloud) on top of an open-source core (Haystack).

    Pricing Tiers

    Studio (Free)
    $0/month

    1 user, 1 workspace, 100 pipeline hours, 50 files limit.

    Enterprise
    Custom

    Unlimited users/workspaces, production pipelines, SSO, RBAC, dedicated support.

    Private

    Target Markets

    Industries & Segments
    • Enterprise
    • Government
    • Financial Services
    • Legal Tech
    • Manufacturing
    Use Cases
    • Enterprise Semantic Search
    • Question Answering systems (Text & Table)
    • Automated Regulatory Analysis
    • AI-powered Customer Support
    • Intelligent Document Processing
    Notable Customers
    • Airbus
    • European Commission
    • Oxford University Press
    • OakNorth Bank

    Quick Facts

    Headquarters
    Berlin, Germany
    Founded
    2018
    Entity Type
    GmbH
    Employees
    83
    Total Funding
    $45.6M
    Investors
    GV, Balderton Capital
    Office Locations
    Berlin
    New York

    Funding History

    Series B$30M
    2023-08-01
    Balderton Capital
    Series A$14M
    2022-04-01
    GV (Google Ventures)
    Seed$1.6M
    2021-03-01
    Lunar Ventures
    System.One

    History & Milestones

    2024-01

    Released Haystack 2.0, a major update to the open-source framework.

    2024

    Named a Gartner Cool Vendor in AI Engineering.

    2023-08

    Raised $30M in Series B/Venture funding led by Balderton Capital.

    2022-04

    Raised $14M in Series A funding led by GV (Google Ventures).

    2021-03

    Raised $1.6M in Seed funding led by Lunar Ventures and System.One.

    Key Capabilities

    6
    Pipeline Builder for AI workflows
    Groundedness Observability
    Prompt Explorer and Playground
    Retrieval-Augmented Generation (RAG) orchestration
    Hybrid search and vector database integrations
    Custom component development

    Integrations & Partnerships

    Platform Integrations

    • AWS
    • Azure
    • Google Cloud
    • Snowflake
    • Pinecone
    • Milvus
    • Weaviate
    • Elasticsearch

    Key Partnerships

    AWS (Strategic Collaboration)
    Google Cloud
    NVIDIA

    Connect

    Website
    deepset.ai
    GitHub
    deepset-ai
    X / Twitter
    haystack_ai
    LinkedIn
    deepset-ai
    Discord
    xYvH6drSmA

    AI Topics

    3

    deepset GmbH focuses on these topics:

    Agent Frameworks(1)
    Retrieval-Augmented Generation(1)
    AI Development Libraries(1)
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