Deal

MongoDB acquires Voyage AI (Voyage AI Innovations, Inc.)

February 2025 full acquisition ready

Snapshot

MongoDB acquired Voyage AI (Voyage AI Innovations, Inc.) for approximately $220 million total consideration, consisting of cash and stock (subject to customary adjustments) in February 2025. The transaction was structured as combination (cash and stock). Voyage AI (Voyage AI Innovations, Inc.) is a USA (team with research roots at Stanford, MIT, UC Berkeley, and Princeton)-based AI / embedding and reranking models business.

Acquirer
MongoDB
Target
Voyage AI (Voyage AI Innovations, Inc.)
Value
approximately $220 million total consideration, consisting of cash and stock (subject to customary adjustments)
Date
February 2025
Type
full acquisition
Status
ready
01 Scorecard

The deal at a glance

Private-market deal
MongoDB acquires Voyage AI (Voyage AI Innovations, Inc.)
Deal value
approximately $220 million total consideration, consisting of cash and stock (subject to customary adjustments)
Sector
AI / embedding and reranking models
Date
February 2025
VectorShift
Made on VectorShift

About this deal

MongoDB acquired Voyage AI (Voyage AI Innovations, Inc.) for approximately $220 million total consideration, consisting of cash and stock (subject to customary adjustments), a transaction completed in February 2025, structured as combination (cash and stock).

Voyage AI (Voyage AI Innovations, Inc.) operates in AI / embedding and reranking models, is based in USA (team with research roots at Stanford, MIT, UC Berkeley, and Princeton). Voyage AI is a pioneer in state-of-the-art embedding and reranking models that power next-generation AI applications. Its advanced models enable applications to extract meaning from highly specialized, domain-specific text and unstructured data ranging from legal and financial documents to images, code, and enterprise knowledge bases. Its models are used by AI innovators including Anthropic, LangChain, Harvey, and Replit, and its embedding models have ranked among the highest-rated zero-shot models in the Hugging Face community. The team has research roots at Stanford, MIT, UC Berkeley, and Princeton.

By bringing advanced AI-powered search and retrieval to its flexible database, MongoDB aims to let enterprises build trustworthy AI-powered applications, reducing the risk of model hallucinations by deeply integrating high-quality retrieval with operational data.

Industry-leading embedding and reranking models trusted by frontier AI companies, addressing the hallucination problem that limits enterprise AI adoption. Native integration of high-accuracy retrieval with MongoDB's operational database to power trustworthy AI applications; models remain available via voyage.ai, AWS Marketplace, and Azure Marketplace with further MongoDB integrations to follow. MongoDB data platform (AI-powered retrieval)

AI has the promise to transform every business, but adoption is held back by the risk of hallucinations. By bringing the power of advanced AI-powered search and retrieval to our highly flexible database, the combination of MongoDB and Voyage AI enables enterprises to easily build trustworthy AI-powered applications that drive meaningful business impact. With this acquisition, MongoDB is redefining what's required of the database for the AI era.
Dev Ittycheria, Chief Executive Officer, MongoDB
For AI applications to reach their full potential, businesses must trust their outputs, so retrieval needs to be deeply integrated with operational data to be accurate and relevant. Joining MongoDB enables us to bring our cutting-edge AI retrieval technology to a broader audience and integrate it seamlessly into mission-critical applications.
Tengyu Ma, Founder, Voyage AI
Advisors not disclosed

No advisory firms have been disclosed for this transaction.

Sources Press releaseSEC filing Last updated

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