Sridhar Ramaswamy
Krisztian Bocsi | Bloomberg | Getty Photographs
Neeva, the privacy-focused seek corporate co-founded via former Google govt Sridhar Ramaswamy, introduced Saturday that it’s shutting down its shopper seek engine and can focal point on exploring use circumstances for synthetic intelligence.
In a weblog submit at the corporate’s website online, Ramaswamy and Vivek Raghunathan, every other Neeva co-founder, wrote that “obtaining customers has been actually exhausting.” They mentioned this problem, along with the “other financial setting,” have made it transparent {that a} industry in shopper seek isn’t sustainable.
“This used to be an excessively difficult resolution that took under consideration loads of issues: our industry development thus far, the present investment setting and our skill to keep growing temporarily on this massively modified seek setting,” Ramaswamy mentioned in a tweet Saturday.
A consultant for Neeva didn’t in an instant reply to requests for remark.
Ramaswamy constructed Neeva in 2019 after leaving his function as senior vice chairman of Google’s advert industry a yr previous, which he mentioned used to be over disillusionment with the corporate’s relentless focal point on keeping up enlargement on the expense of customers.
Neeva will discover use circumstances for generative AI and massive language fashions in seek going ahead, in line with the submit. Neeva.com and its shopper seek product will close down over the following couple of weeks.
Neeva customers with a paid subscription to Neeva Top class will obtain money back for the unused portion, and the corporate may be deleting all person knowledge as a part of the shutdown, Ramaswamy and Raghunathan mentioned within the weblog submit.
The executives mentioned they’re going to have extra to proportion about the way forward for Neeva within the coming weeks.
