Neeva, co-founded by a former Google exec, to shut down its consumer search product and focus on A.I.
Neeva, a privacy-focused search company co-founded by former Google executive Sridhar Ramaswamy, announced on Saturday that it will be shutting down its consumer search engine. The company will now focus on exploring artificial intelligence use cases. In a blog post, Ramaswamy and co-founder Vivek Raghunathan wrote that acquiring users has been a challenge and the current economic environment has made it clear that a business in consumer search is not sustainable.
“This was a very tough decision that took into account lots of things: our business progress so far, the current funding environment and our ability to continue to grow quickly in this vastly changed search environment,” Ramaswamy said in a tweet.
Neeva was built in 2019 after Ramaswamy left his role as senior vice president of Google’s ad business, citing disillusionment with the company’s relentless focus on growth at the expense of users. Neeva will explore use cases for generative AI and large language models in search going forward. The company’s consumer search product will shut down over the next few weeks, and Neeva users with a paid subscription to Neeva Premium will receive a refund for the unused portion. The company is also deleting all user data as part of the shutdown.
FAQs:
What is Neeva?
Neeva is a privacy-focused search company co-founded by former Google executive Sridhar Ramaswamy.
Why is Neeva shutting down its consumer search engine?
Acquiring users has been a challenge for Neeva, and the current economic environment has made it clear that a business in consumer search is not sustainable.
What will Neeva focus on now?
Neeva will focus on exploring artificial intelligence use cases, specifically for generative AI and large language models in search.
What will happen to Neeva Premium subscribers?
Neeva Premium subscribers will receive a refund for the unused portion of their subscription, and the company is deleting all user data as part of the shutdown.
Will Neeva return to consumer search in the future?
The company’s executives have not given any indication that Neeva will return to consumer search in the future, but they have said they will have more to share about the future of Neeva in the coming weeks.
Former Google Executive’s Company, Neeva, to Discontinue Consumer Search Offering and Shift Focus to Artificial Intelligence.
Former Google executive Sridhar Ramaswamy’s privacy-focused search company, Neeva, has announced that it will shut down its consumer search engine in order to focus on exploring use cases for artificial intelligence. In a blog post on the company’s website, Ramaswamy and co-founder Vivek Raghunathan wrote that “acquiring users has been really hard,” and that “different economic environments” have made it clear that a business in consumer search is not sustainable. Neeva will explore the use of generative AI and large language models in search going forward. The company will shut down its consumer search product, Neeva.com, over the next few weeks and will delete all user data. Neeva users with a paid subscription to Neeva Premium will receive a refund for the unused portion. The executives said they will have more to share about the future of Neeva in the coming weeks.