5-year old startup Elastic acquires SaaS site search leader Swiftype
Elastic, provides a distributed, multitenant-capable full-text search engine with an HTTP web interface and schema-free JSON documents, has acquired Swiftype for undisclosed amount. Eslastic is backed by Benchmark Capital, Index Ventures, and NEA with more than $100 million in funding. Elastic owns Elasticsearch, and the Elastic Stack, the most widely-used collection of open source products for solving mission-critical use cases like search, logging, and analytics.
Founded in 2012 in Amsterdam by the people behind Elasticsearch and Apache Lucene, Elastic set forth a vision that search can solve a plethora of data problems. The origins of the company start back in 2010, when Shay Banon wrote the first lines of Elasticsearch and open sourced it as a distributed search engine. With the rise of cloud computing and changes in IT infrastructure demanding requirements such as real-time search across infinite amounts of structured and unstructured data, Shay foresaw the need for a new type of software to solve today’s real-world data problems.
Swiftype is an early adopter of Elasticsearch, using Elasticsearch to index and store searchable content and power the search experience for its Site Search product. Used by more than 900 organizations including Asana, AT&T, Dr. Pepper, Engadget, Hubspot, Marketo, Shopify, SurveyMonkey, and TechCrunch, Site Search offers users the ability to create customized search experiences; a user interface to configure advanced features, such as relevance, autocomplete, faceted search, and custom result ranking; and real-time analytics, reports, and dashboards. Effective immediately, Swiftype’s Site Search product will be offered with a new introductory subscription plan starting at $79/month that allows customers to grow at their own pace