Search-as-a-service start-up Algolia is announcing some modifications at the helm of the startup. Co-founder and CEO Nicolas Dessaigne is transitioning to a non-operational function at the business. He’ll still be a board member, however Bernadette Nixon is joining the company to take on the CEO position.
Algolia is constructing a search engine API. The company doesn’t want to construct the next Google. Rather, it wants to power the search box on your site or app with instant letter-by-letter search results page.
The business is managing the search feature on Slack, Stripe, Under Armour, Twitch and 9,000 other business. At its present run rate, Algolia processes 1.2 trillion searches a year. The company says it touches 1 in 6 web users each day.
“The story started right after the Series C,” Dessaigne told me. Algolia raised a $ 110 million Series C round at the end of 2019. “I was very thrilled but what was most amazing for me was the capacity of the business.”
“Someone with more go-to-market experience would most likely be a much better person at accomplishing that potential,” he continued.
I asked more directly whether the choice to replace him as CEO came from the board of the company or not. “It really started on my side. The board was encouraging of the decision but it didn’t originated from them,” he said.
Nixon was formerly the CEO of Alfresco, the company that developed an open source enterprise content-management startup that was obtained by private equity firm Thomas H. Lee Partners in 2018. In the past, she held different positions as chief profits officer, executive vice president of sales and senior vice president of corporate sales in various software companies.
As you can see, Nixon has a lots of experience when it concerns sales and operations in basic. Her experience will be valuable when it comes to scaling the start-up.
“I’m thrilled to be now part of the Algolia group and to be leading the company as of today,” Nixon informed me. Accel, the VC firm that led the Series C round in Algolia, was likewise an investor in Alfresco.
The shift is going to take a number of months and Dessaigne will stay up until July. He states that he does not have any concrete strategy about what he’s going to do next.
Over the past year, Algolia has actually been increase executive hires. Jean-Louis Baffier signed up with as chief revenue officer, Ashley Stirrup joined as primary marketing officer, Kristie Rodenbush joined as chief people officer and Iain Hassall signed up with as chief monetary officer. Simply put, Algolia is growing up and getting ready for the next stage. Now let’s see if it causes an IPO or an acquisition by a larger gamer.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.