When was Marqo founded?

Marqo was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Marqo located?

Marqo is headquartered in Melbourne, Australia.

How many employees does Marqo have?

As of Sep 30, 2026, the latest employee count at Marqo is 38.

Is Marqo a funded company?

Marqo is a funded company, having raised a total of $18.4M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 2022.

When was the latest funding round of Marqo?

Marqo's latest funding was a $***** Series A round on Feb 13, 2024, with participation from 4 investors.

Where does Marqo rank among its competitors?

Marqo ranks 14th amongst 676 active competitors, of which 98 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Cognition AI, which secured $2B in Sep, 2026.

Who are the top competitors of Marqo?

Marqo's top competitors include Glean, Cognition AI and Elastic. Among them, Cognition AI secured the most recent funding round in September, 2026.

Marqo - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of AI-native product discovery platform optimizing search relevance and conversion. The platform uses click-stream, purchase, and event data to deliver intelligent results. It offers features such as semantic relevance, typo tolerance, and multilingual comprehension. The platform adapts to shopper intent and behavior, shifting between results and conversational search. It automates ranking, boosts, and filters through AI, improving relevance and revenue.

Website: marqo.ai
Email ID: *****@marqo.ai

Key Metrics

Founded Year

2022

Location

Melbourne, Australia

Stage

Series A

Total Funding

$18.4M in 4 rounds

Latest Funding Round

Series A, Feb 13, 2024, $*****

Investors

Blackbird Ventures & 6 more

Ranked

14^th among 676 active competitors

Employee Count

38 as on Sep 30, 2026

Similar Companies

Glean & 1289 more

View Marqo's full profile

Marqo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
S2Search Australia Pty Ltd CIN: 11660091074 , Australia, Active	Jun 12, 2022	-	-

Marqo has raised a total funding of $18.4M over 4 rounds. Its first funding round was on May 2022. Its latest funding round was a Series A round on Feb 13, 2024 for $*****. 4 investors participated in its latest round. Marqo has 4 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Marqo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2024	2831157	Series A	9133138	2353246	4989264	4536622
Aug 16, 2023	5975381	Seed	6087141	8784577	1033106	Creator Fund & 3 more
Oct 12, 2022	4829336	Seed	9285430	1123254	Creator Fund	8150354

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View details of Marqo's funding rounds and investors

The founders of Marqo is Tom Hamer. Tom Hamer is the CEO of Marqo.

Here are the details of Marqo's key team members:

Tom Hamer: Co-Founder & CEO of Marqo.
Contact Info: 1 email address

View details of Marqo's Founder profiles and Board Members

Marqo's employee count trend

Marqo has 38 employees as of Sep 26. Here is Marqo's employee count trend over the years:

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Top competitors of Marqo include Glean, Cognition AI and Elastic. Here is the list of Top 10 competitors of Marqo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Glean 2019, San Francisco (United States), Series F	Cloud-based platform for enterprise search	$765M	Lightspeed Venture Partners, Altimeter Capital ... & 53 others	78/100
2nd	Cognition AI 2023, San Francisco (United States), Series E	Developer of autonomous software engineering agents that write production code	$4.1B	Founders Fund, Accel & 40 others	73/100
3rd	Elastic 2012, San Francisco (United States), Public	Cloud based text analytics platform	$104M	New Enterprise Associates, HTIF & 11 others	72/100
4th	You Technologies 2020, Palo Alto (United States), Series C	AI-enabled key-word based private search engine	$199M	Georgian, Cox Enterprises & 21 others	70/100
5th	Coveo 2004, Quebec City (Canada), Public	Provider of AI-powered search and recommendation solutions for enterprise businesses	$358M	Elliott Management, OMERS & 17 others	69/100
6th	Sanalabs 2016, Stockholm (Sweden), Acquired	Developer of AI agents and an AI-native learning management system	$136M	New Enterprise Associates, EQT & 19 others	69/100
7th	Graft 2021, San Francisco (United States), Acquired	Developer of an AI platform for enterprise knowledge management and search	$29M	Google Ventures, Radical Ventures & 5 others	66/100
8th	Guru 2013, Philadelphia (United States), Series C	AI platform for knowledge work, empowering teams with trusted information	$68M	FirstMark, Emergence Capital & 8 others	66/100
9th	Lucidworks 2007, San Francisco (United States), Series F	Provider of AI-powered search and discovery platform for digital experiences	$218M	Granite Ventures, Walden International & 10 others	65/100
10th	Hebbia 2020, New York City (United States), Series B	Developer of artificial intelligence platforms for financial institution analytical workflows	$161M	Index Ventures, Andreessen Horowitz & 13 others	64/100
14th	Marqo 2022, Melbourne (Australia), Series A	Provider of AI-native product discovery platform optimizing search relevance and conversion	$18.4M	Lightspeed, January Capital & 5 others	60/100