deepset, founded in 2018, is a German startup at the forefront of AI innovation. Their standout product, the Haystack AI orchestration framework, is an open-source solution that enables organizations to build, run, and manage custom AI agents and retrieval-augmented generation (RAG) applications.
With a focus on mission-critical business applications, deepset offers a multi-tiered platform for both cloud and on-premise environments. Companies start with Haystack for immediate deployment, augment capabilities with Haystack Enterprise Starter, and scale using the comprehensive Haystack Enterprise Platform which enhances indexing, retrieval, testing, evaluation, and governance processes. Notable users include the European Commission, The Economist, Airbus, and the German Armed Forces.
Recently, deepset secured a €27.00M Series B investment led by prominent investors such as Balderton Capital, GV, Lunar Ventures, Harpoon Venture Capital, and System.One, signaling continued confidence in their growth and technological prowess in the AI sector.