Omnisearch raises $562,000 to go after the $10B enterprise search market
The company is led by two technical co-founders with experience at Y Combinator and Techstars backed startups.
Vancouver’s Omnisearch has secured $562,000 (USD$450,000) from GoAhead Ventures, an early-stage venture fund in Menlo Park, California.
The company was started by two engineers, CEO Marin Smiljanic (pictured right), a former engineer at Amazon and SingleStore (a Y Combinator alum) and CTO Matej Ferencevic (pictured left), an early employee at Techstars alum Memgraph. The startup plans to use the funds to invest in engineering and sales.
Founded in 2021, Omnisearch was started with the mission of making audio and video content searchable. Businesses can harness Omnisearch to enable users to search all of its web content and see exactly where it’s mentioned.
Value prop: Search engines don’t capture everything on a website, which means users may not discover things that they want that you have. Smiljanic and Ferencevic built Omnisearch to make it easy to ingest and search files regardless of their type. This includes PDFs, Word docs, audio, video, images and presentations. Their goal is to be the most complete and versatile search software and in turn, lead to more conversions and revenues for its customers.
Results: The startup has seen significant success in the edtech space, according to a release from the firm, leading to 20% month-over-month growth.
This growth led to interest and a pre-seed investment from GoAhead Ventures. “We're thrilled to be a part of Omnisearch's journey and to support them in their mission to revolutionize the $10B enterprise search market,” said Takeshi Mori, managing partner at GoAhead Ventures. “We particularly liked Marin and Matej's strong technical backgrounds and experience in both Big Tech and venture-backed startups.”
“We were incredibly impressed with the GoAhead team throughout the entire process, and their grasp of SaaS and enterprise software is superb. Moreover, their process was as swift, efficient, and founder-friendly as they get,” commented Smiljanic. "All in all, we couldn't be more excited to be working with the GoAhead team.”
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