The company claims that customers who use Pinecone Serverless can reduce their costs by up to 50x due to the system being a multi-tenant service that decouples storage and compute. This means customers only pay when they consume CPU time. The product also includes additional features such as Private Endpoints, which allows enterprises to create a direct connection to their virtual private clouds on Amazon via AWS PrivateLink. Companies already using Pinecone Serverless include Gong, Help Scout, New Relic, Notion, TaskUS and You.com.
Key takeaways:
- Pinecone, a vector database startup, has launched Pinecone Serverless, a product that allows customers to manage their deployments and scaling without having to think about it.
- The company has rearchitected its product to be a multi-tenant service that decouples storage and compute, which can reduce customer costs by up to 50x.
- Pinecone Serverless is now out of beta and generally available, with early customers transitioning from experimenting with generative AI to launching their own AI products.
- One of the additional features requested by customers during the public preview was Private Endpoints, which allows enterprises to create a direct connection to their virtual private clouds on Amazon via AWS PrivateLink, ensuring data stays within governance and compliance regimes.