Qdrant raises €2 million in a pre-seed round of financing backed by 42CAP and IBB Ventures.

Qdrant, a Berlin, Germany-based software startup developing an open-source neural search engine, announced completing a pre-seed funding round closed at €2 million ($2.3M).

The money was raised from investors from Germany, namely 42CAP, IBB Ventures and angel investors.

Qdrant, founded in 2021 by CEO Andre Zayarni and Andrey Vasnetsov, develops open source technologies to advance AI solutions including metric learning. Its flagship product neural search engine provides a production-ready service with a convenient API to store, search, and manage vectors along with the additional payload. Qdrant engine is tailored to extended filtering support making it useful for all sorts of neural-network or semantic-based matching, recommendations, faceted search, and other applications.