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June 8, 2017 01:31 pm GMT

Algolia raises $53 million for its search engine API

French startup Algolia just raised a $53 million Series B round led by Accel, a couple of years after raising $18.3 million with Accel also leading the round. So it looks like it’s a love story between the VC firm and the software-as-a-service startup. The reason is quite simple. Algolia is still growing like crazy with its annual recurring revenue doubling every year.… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/h0STx9fI42k/

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