TechCrunch: Algolia raises $53 million for its search engine API

TechCrunch: 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. Algolia’s goal hasn’t changed — the startup wants to provide the best search experience to everyone building websites and apps out there.”

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