MongoDB announced it has acquired Voyage AI (deal valued at $220 million, according to Bloomberg), a pioneer in embedding and reranking models that power next-generation AI applications. Integrating Voyage AI’s technology with MongoDB enables organizations to easily build AI-based applications by offering highly accurate and relevant information retrieval deeply integrated with operational data.
AI-based applications can address a broad range of complex use cases that traditional software cannot. Since AI models are probabilistic, they can hallucinate (when a model generates false or misleading information). Inaccurate or low-quality results can create serious risks, especially in cases where the accuracy of information is critical, like a hospital performing cancer screenings, a financial firm making autonomous investment decisions, or law firms offering legal advice.
The risk of hallucinations has consequently limited the use of AI-based applications for mission-critical use cases. These hallucinations typically happen when the AI model lacks sufficient understanding or context of data within an enterprise.
To tackle this challenge, companies need high-quality retrieval—a critical AI capability that ensures the most relevant information is pulled from their data with precision. And Voyage AI’s advanced embedding and reranking models enable applications to extract meaning from highly specialized and domain-specific text and unstructured data—ranging from legal and financial documents to images, code, and enterprise knowledge bases.
The company’s models are trusted by leading AI innovators like Anthropic, LangChain, Harvey, and Replit. Notably, Voyage AI’s embedding models are the highest-rated zero-shot models in the Hugging Face community. And Voyage AI is a leader in AI-based search and retrieval, backed by a team of world-class AI researchers with roots at Stanford, MIT, UC Berkeley, and Princeton. Their expertise in embedding models and retrieval architectures will enhance MongoDB’s AI capabilities to solve the most challenging problems with building and scaling AI applications.
KEY QUOTES:
“AI has the promise to transform every business, but adoption is held back by the risk of hallucinations. By bringing the power of advanced AI-powered search and retrieval to our highly flexible database, the combination of MongoDB and Voyage AI enables enterprises to easily build trustworthy AI-powered applications that drive meaningful business impact. With this acquisition, MongoDB is redefining what’s required of the database for the AI era.”
- Dev Ittycheria, CEO of MongoDB
“For AI applications to reach their full potential, businesses must trust their outputs, so retrieval needs to be deeply integrated with operational data to be accurate and relevant. Joining MongoDB enables us to bring our cutting-edge AI retrieval technology to a broader audience and integrate it seamlessly into mission-critical applications. By combining our expertise in embeddings and reranking with MongoDB’s best-in-class database, we can help organizations build AI applications that deliver more accurate and reliable results at scale, empowering them to confidently apply AI to high-stakes use cases.”
- Tengyu Ma, Founder of Voyage AI
