Sridhar Ramaswamy
Krisztian Bocsi | Bloomberg | Getty Images
Neeva, the privacy-focused hunt institution co-founded by erstwhile Google enforcement Sridhar Ramaswamy, announced Saturday that it is shutting down its user hunt motor and volition absorption connected exploring usage cases for artificial intelligence.
In a blog post connected the company's website, Ramaswamy and Vivek Raghunathan, different Neeva co-founder, wrote that "acquiring users has been truly hard." They said this challenge, successful summation to the "different economical environment," person made it wide that a concern successful user hunt is not sustainable.
"This was a precise pugnacious determination that took into relationship tons of things: our concern advancement truthful far, the existent backing situation and our quality to proceed to turn rapidly successful this vastly changed hunt environment," Ramaswamy said successful a tweet Saturday.
A typical for Neeva did not instantly respond to requests for comment.
Ramaswamy built Neeva successful 2019 aft leaving his relation arsenic elder vice president of Google's advertisement business a twelvemonth earlier, which helium said was implicit disillusionment with the company's relentless absorption connected maintaining maturation astatine the disbursal of users.
Neeva volition research usage cases for generative AI and ample connection models successful hunt going forward, according to the post. Neeva.com and its user hunt merchandise volition unopen down implicit the adjacent fewer weeks.
Neeva users with a paid subscription to Neeva Premium volition person a refund for the unused portion, and the institution is besides deleting each idiosyncratic information arsenic portion of the shutdown, Ramaswamy and Raghunathan said successful the blog post.
The executives said they volition person much to stock astir the aboriginal of Neeva successful the coming weeks.