Faiss is solving the approximate nearest neighbor problem, not the storage problem. It’s not a database, it’s an index. We use a lightweight version of Faiss (HNSWLIB) to index embeddings in Embeddinghub.
The biggest difference, as cyrusthegreat pointed out, is that we're a fully managed service. You sign up, spin up a database service with a single API call[0], and go from there. There's no infrastructure to build and keep available, even as you scale to billions of items.
Pinecone also comes with features like metadata filtering[1] for better control over results, and hybrid storage for up to 10x lower compute costs. EmbeddingHub has a few features Pinecone doesn't yet have, like versioning -- though with our architecture it's straightforward to add if someone asks.
Hope that helps! And I'm glad to see more projects in this space, especially from the feature-store side.
[0] https://www.pinecone.io/docs/api/operation/create_index/