MongoDB to integrate Voyage AI's industry-leading
embedding and reranking models, delivering highly accurate and
relevant information retrieval to power sophisticated AI use
cases
NEW
YORK, Feb. 24, 2025 /PRNewswire/ -- MongoDB,
Inc. (NASDAQ: MDB), the leading database for modern applications,
today announced it has acquired Voyage AI, a pioneer in
state-of-the-art embedding and reranking models that power
next-generation AI applications. Integrating Voyage AI's technology
with MongoDB will enable organizations to easily build trustworthy,
AI-powered applications by offering highly accurate and relevant
information retrieval deeply integrated with operational data.
AI-powered applications can address a broad range of complex use
cases that traditional software cannot; however, because 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, such as a hospital performing cancer
screenings, a financial firm making autonomous investment
decisions, or a law firm offering legal advice. Consequently, the
risk of hallucinations has limited the use of AI applications for
mission-critical use cases. These hallucinations typically occur
when the AI model lacks sufficient understanding or context of data
within an enterprise.
To address this challenge, companies need high-quality
retrieval—a critical AI capability that ensures the most relevant
information is extracted from their data with precision. 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. Their 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.
Voyage AI is a leader in AI-powered search and retrieval, backed by
a team of world-class AI researchers with roots at Stanford, MIT, UC
Berkeley, and Princeton. Their
expertise in cutting-edge embedding models and retrieval
architectures will enhance MongoDB's AI capabilities to solve the
most challenging problems with building and scaling AI
applications.
"AI has the promise to transform every business, but adoption is
held back by the risk of hallucinations," said Dev Ittycheria, CEO
of MongoDB. "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."
"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," said
Tengyu Ma, Founder of Voyage AI. "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."
Voyage AI's embedding and reranking models will remain available
through voyage.ai, AWS Marketplace, and Azure Marketplace, with
further MongoDB integrations launching later this year.
For a deeper look at the technology behind Voyage AI and what
this means for AI-powered applications, see the MongoDB blog
here.
About MongoDB
Headquartered in New York,
MongoDB's mission is to empower innovators to create, transform,
and disrupt industries with software and data. MongoDB's unified,
intelligent data platform was built to power the next generation of
applications, and MongoDB is the most widely available, globally
distributed database on the market. With integrated capabilities
for operational data, search, real-time analytics, and AI-powered
retrieval, MongoDB helps organizations everywhere move faster,
innovate more efficiently, and simplify complex architectures.
Millions of developers and more than 50,000 customers across almost
every industry—including 70% of the Fortune 100—rely
on MongoDB for their most important applications. To learn
more, visit mongodb.com.
Forward-looking Statements
This press release includes certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, or the Securities Act, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements concerning
MongoDB's acquisition of Voyage AI. These forward-looking
statements include, but are not limited to, plans, objectives,
expectations and intentions and other statements contained in this
press release that are not historical facts and statements
identified by words such as "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "plan," "project,"
"will," "would" or the negative or plural of these words or similar
expressions or variations. These forward-looking statements reflect
our current views about our plans, intentions, expectations,
strategies and prospects, which are based on the information
currently available to us and on assumptions we have made. Although
we believe that our plans, intentions, expectations, strategies and
prospects as reflected in or suggested by those forward-looking
statements are reasonable, we can give no assurance that the plans,
intentions, expectations or strategies will be attained or
achieved. Furthermore, actual results may differ materially from
those described in the forward-looking statements and are subject
to a variety of assumptions, uncertainties, risks and factors that
are beyond our control including, without limitation: our customers
renewing their subscriptions with us and expanding their usage of
software and related services; global political changes; the
effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas on our business and future
operating results; economic downturns and/or the effects of rising
interest rates, inflation and volatility in the global economy and
financial markets on our business and future operating results; our
potential failure to meet publicly announced guidance or other
expectations about our business and future operating results; our
limited operating history; our history of losses; failure of our
platform to satisfy customer demands; the effects of increased
competition; our investments in new products and our ability to
introduce new features, services or enhancements; social, ethical
and security issues relating to the use of new and evolving
technologies, such as artificial intelligence, in our offerings or
partnerships; our ability to effectively expand our sales and
marketing organization; our ability to continue to build and
maintain credibility with the developer community; our ability to
add new customers or increase sales to our existing customers; our
ability to maintain, protect, enforce and enhance our intellectual
property; the effects of social, ethical and regulatory issues
relating to the use of new and evolving technologies, such as
artificial intelligence, in our offerings or partnerships; the
growth and expansion of the market for database products and our
ability to penetrate that market; our ability to integrate acquired
businesses and technologies successfully or achieve the expected
benefits of such acquisitions, including the acquisition of Voyage
AI; the risk of any unexpected costs or expenses resulting from the
acquisition of Voyage AI; the risk of any litigation relating to
such acquisition; the risk that such acquisition and the
announcement of it could have an adverse effect on our operating
results and business generally; our ability to maintain the
security of our software and adequately address privacy concerns;
our ability to manage our growth effectively and successfully
recruit and retain additional highly-qualified personnel; and the
price volatility of our common stock. These and other risks and
uncertainties are more fully described in our filings with the
Securities and Exchange Commission ("SEC"), including under the
caption "Risk Factors" in our Quarterly Report on Form 10-Q for the
quarter ended October 31, 2024, filed
with the SEC on December 10, 2024,
and other filings and reports that we may file from time to time
with the SEC. Except as required by law, we undertake no duty or
obligation to update any forward-looking statements contained in
this release as a result of new information, future events, changes
in expectations or otherwise.
Press Contact:
press@mongodb.com
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SOURCE MongoDB, Inc.