<ul data-eligibleForWebStory="false"><li>Lithuanian subsidiary of Iceland-based Videntifier Technologies, VectorTree, secures funding from the EU to develop an Advanced Vector Database for AI.</li><li>The project aims to create a cloud-based service supporting AI systems by storing vector embeddings efficiently using Videntifier's NV-tree algorithm.</li><li>The Advanced Vector Database will enable fast similarity searches, vector clustering, and scalability to handle tens to hundreds of billions of vectors, offering applications across video platforms, legal tech, and healthcare.</li><li>VectorTree plans to launch the AVD for sales in 2025, targeting AI researchers and developers seeking a scalable platform for AI data retrieval and analysis.</li></ul>

Lithuania’s VectorTree secures EU grant to develop a scalable vector database for AI

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