High-profile additions to Pinecone leadership team mark next phase of expansion for knowledge AI market front runner
Pinecone, the leading vector database company making knowledgeable AI, announced that well-known and proven tech leaders Lauren Nemeth join the company as chief operating officer (COO). This comes as Pinecone celebrates its five-year anniversary and the recent general availability of its flagship offering, Pinecone serverless, a state-of-the-art vector database designed to make generative artificial intelligence (AI) accurate, fast, and scalable.
As the demand for generative AI has rapidly grown across organizations of all sizes and industries, so has the need to deliver more accurate and reliable applications. Pinecone research shows that the most effective method to improve the quality of generative AI results and reduce hallucinations is by using a vector database for retrieval-augmented generation (RAG). Gartner® predicts that “by 2026, more than 30% of enterprises will have adopted vector databases, which is a significant increase from fewer than 2% today” and “more than 70% of generative AI natural language processing (NLP) use cases for questions and answers, will leverage vector databases to ‘ground’ the AI foundation models.”
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The addition of Lauren Nemeth as Pinecone COO will catalyze the company’s mission to build and bring knowledgeable AI to organizations around the world. Lauren brings over twenty years of experience building world-class developer- and enterprise-led sales motions from pre-revenue to public companies such as Twilio, AppNexus, and Google. In her role as Chief Operating Officer for Pinecone, Lauren now leads the Sales, Field Engineering, Marketing, Growth, and Partnership functions globally. Lauren most recently served as the Chief Revenue Officer at Twilio where she led all go-to-market functions globally, directly managing a team of two thousand employees and generating over $4B in revenue.
“I have spent the majority of my career helping developers and enterprise companies innovate,” said Nemeth. “Pinecone is already the leading vector database but there are still so many companies we can help build truly innovative generative AI experiences. I look forward to working closely with our customers, prospects, and partners to deliver meaningful business impact and improved customer experiences.”
“It’s a real testament to the importance of Pinecone’s mission that Lauren and Bob joined the team,” said Edo Liberty, founder and CEO of Pinecone. “Their track record of success speaks for itself. I am delighted to have people of their caliber and integrity around the table. They will help us grow and accelerate our journey to make knowledgeable AI.”
Source: PRNewswire