deepset

Berlin, Germany
Founded 2018

deepset is the provider of Haystack, an open source framework for building custom AI agents and LLM applications. The company provides production-ready solutions for retrieval-augmented generation (RAG), semantic search, and intelligent document processing with enterprise-grade security and compliance certifications.

Last Updated: March 5, 2026

Current Valuation

$180M

as of August 2, 2023 (Source)

Funding Summary

$45.6M

Total reported funding

Key People

Milos Rusic
Co-founder & CEOFounder
LinkedIn Profile
Malte Pietsch
Co-founder & CTOFounder
LinkedIn Profile

Core OSS Projects

Open-source AI orchestration framework for building customizable, production-ready LLM applications with advanced retrieval methods for RAG, question answering, and semantic search

License: Apache-2.0

Business Information

Industries

Software

Technologies

LLMs
Natural Language Processing
AI/ML

Sectors

Developers

Licenses

Apache-2.0

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