Vespa.ai, a startup that spun out of Yahoo last month, has raised $31 million in Series A funding from Blossom Capital. The Norway-based startup has created an AI-powered platform that gives companies access to its search engine and vector database. A key problem that many companies face is having the infrastructure to store extensive amounts of data, and accessing it efficiently. The startup's cloud service and search platform can tap into this data in real time, giving companies responses or decisions almost immediately after a query has been put in. With the cash injection, the startup will ramp up its engineering functions, as well as its cloud services.

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Persons: Jon Bratseth, We've Organizations: Yahoo, Blossom Capital, Fortune, Spotify Locations: Norway, London, Blossom