Archive — US — techcrunch
Why Onyx thinks its open source solution will win enterprise search
Onyx aims to revolutionize internal enterprise search with its open-source tool, connecting to over 40 data sources like Salesforce and Google Drive. Co-founders Chris Weaver and Yuhong Sun leverage their engineering backgrounds to address data accessibility, predicting that open-source solutions will dominate this competitive landscape. Recent funding of $10 million will support staff expansion and premium feature development.
Key points
- Onyx's open-source internal enterprise search tool connects to over 40 data sources.
- The company was founded by Chris Weaver and Yuhong Sun, who identified a data accessibility problem in their engineering roles.
- Their first two ventures failed, but they pivoted to onyx after releasing an open-source project in 2023.
- Onyx is currently working with clients like Netflix, Ramp, and Thales Group, demonstrating organic growth.
- The company has recently closed a $10 million seed round to enhance staff and develop premium features.
Why it matters
- The open-source trend is growing, with companies like Glean also competing vigorously in the enterprise search market.
- The usage of open-source solutions in enterprises reflects the broader shift towards collaborative and flexible technology solutions.
- By 2025, IT trends indicate an increased reliance on AI and machine learning, areas where Onyx's founders have expertise.
Onyx is well-positioned to challenge established players in the enterprise search market with its open-source model, which offers flexibility and rapid deployment, essential for companies navigating complex information landscapes.