Deepset

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Deepset is a Berlin-based company that provides enterprise developer tools to build applications with large language models (LLMs). Founded in 2018 by Milos Rusic, Malte Pietsch, and Timo Möller, Deepset offers solutions to help organizations leverage LLM technology more efficiently. The company's main products are Haystack, an open-source framework launched in 2019, and deepset Cloud, a commercial cloud-based LLM developer platform introduced in 2020. These tools enable enterprises to create customized LLM-driven applications for various use cases, such as advanced search capabilities, chatbots, and virtual assistants. Deepset's technology allows users to quickly search, retrieve, summarize, and analyze large datasets, addressing the growing challenge of managing increasing volumes of unstructured data in enterprises. The company's platform is model-agnostic, allowing customers to experiment with and integrate different LLMs while avoiding vendor lock-in. Deepset has seen a 250% increase in active users since the beginning of 2023.


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HQ location:
c/o Spaces Spindlershof Wallstraße 9-13 Berlin DEU
Founded year:
2018
Employees:
51-100
IPO status:
Private
Total funding:
USD 45.2 mn
Last Funding:
USD 29.6 mn (Series B; Aug 2023)
Last valuation:
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