Elastic Acquires Jina AI

Elastic has completed the acquisition of Jina AI, a developer of open-source multimodal and multilingual embeddings, rerankers, and small language models. The deal strengthens Elastic's capabilities in vector search, retrieval-augmented generation (RAG), and context engineering, and brings Jina's models and research into Elastic's Search AI Platform and Elastic Inference Service on Elastic Cloud.