Exa just passed $100m in annualized revenue. We've grown almost exactly 10x per year for 3 years. We now handle 2 billion requests a month from 200k+ teams. And it’s still so early: We predict agents will search 1000x more than humans by 2030. Agents don't search like humans. They write long, complex queries and want all the world's data, not just the web. We've spent 5 years building a search engine designed for them. We now serve personal agents, AI labs, coding agents, GTM agents, really any agent. Exa gives these agents access to 100s of billions of web documents and tons of proprietary data. Our customers are increasingly noticing that information is the bottleneck to agent performance. While the world seems close to perfect intelligence with models like Fable and Astra, we are very far from perfect information. To our small but legendary team, thank you for getting us here, from engineering to research to GTM to ops. To our customers, it is an honor to serve you. We have some exciting releases coming soon and can't wait to share them 🫡

Exa is now one of the largest indexes in the world. We serve 80B pages, track 1.4T urls, and are on track to be Google-scale in early 2027. It's difficult to know the size of indexes, but we estimate Google to be ~1T, Bing to be ~500B, and Yandex ~200B. Brave mentioned in April that they're at 40B. Most of the web is trash that can hurt AI outputs, so you actually have to crawl way more than you serve and train models to filter out the trash. In terms of peak QPS, we estimate Bing at roughly 30k/s and Google at ~500k/s. In our case, because agent traffic often requires large fan-out (deep searches can use dozens of sub-searches) and can be spiky (like when AI labs RL with us), we're already starting to provision for Bing-scale traffic. Within 2 years, agents will search at many millions per second. They'll also want comprehensiveness over all data, far bigger than any index today. So the retrieval infra required will be larger than Google-scale in both dimensions.

A new internet economy, built for agents: Agents break the old economics of the internet - when everyone has an AI assistant consuming and taking actions, what happens to ads? Exa Connect is a step toward a new internet economy built on data, not ads. It's a marketplace where data providers choose what to charge for their data, and developers choose which data providers their agents use. We feel this is the right economic model -- market-based, transparent, value-aligned, and as agent requests scale >1000x over the coming years, will be a more valuable market for providers than the ad market is today. This is also a good path forward for the internet. It's one that monetizes transformer attention, not human attention. We don't know exactly what that great intercontinental information exchange called the internet will become, but it's going to change, and we think very much for the better.