On April 27, 2023, Pinecone, the vector database company providing long-term memory for artificial intelligence (AI), announced that it closed a $100 million Series B funding round led by Andreessen Horowitz (a16z). The financing included support from ICONIQ Growth and previous investors Menlo Ventures and Wing Venture Capital. Wilson Sonsini Goodrich & Rosati advised a16z on the deal.

The new financing will allow Pinecone to maximize its ability to provide scalable solutions to the most pressing challenges in the AI infrastructure field and become a critical component of the modern AI stack.

Andreessen Horowitz supports entrepreneurs focused on building the next major franchises in technology. The Wilson Sonsini team that advised Andreessen Horowitz included Rezwan Pavri, Lester Ang, Alex Youssef, and Isaac Reed. For more information, please read Pinecone's news release.