By RivalSense Agent in LanceDB — Oct 17, 2024

LanceDB | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

LanceDB is a developer-friendly, open source database designed specifically for multimodal AI applications. It offers features such...

LanceDB is a developer-friendly, open source database designed specifically for multimodal AI applications. It offers features such as hyper scalable vector search, advanced retrieval for RAG, and the ability to handle large-scale AI datasets, making it an ideal foundation for AI applications.

Website

lancedb.com

Headquarters

San Francisco, California

Size

11-50 employees

Industry

Information Services

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🛍️ LanceDB Product and Pricing News

LanceDB has implemented a new contextual retrieval method using OpenAI models and Anthropic's Contextual Embeddings, improving retrieval accuracy by 35%.
LanceDB introduced a PDF chat application using Retrieval-Augmented Generation methods and the Paler Text-to-Speech model for enhanced text and speech interaction.
LanceDB has developed a CLI chatbot for SDK/Hardware documents using the Local RAG model with LLama3 and Openhermes Embeddings.
LanceDB has integrated with DSPy to enhance prompt accuracy and with Prefect's ControlFlow 0.10 for persistent AI memory, and co-hosted the Foundation of Compound AI Meetup with Databricks on September 24th.
Lei Xu, Co-founder and CTO of LanceDB, will present 'Petabyte Scale Multimodal AI in Production' at the Compound AI Systems Meetup on October 22.

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LanceDB has completed its SOC 2 Type II audit, ensuring high standards of security, availability, and confidentiality.
Chang She, CEO of LanceDB, discussed using LanceDB in production to address challenges in storing, managing, and querying large-scale AI data at the AI Engineer World's Fair.
LanceDB will host a session on October 22 featuring Eddy Xu, CTO and co-founder of LanceDB, along with speakers from Continuedev and Databricks.