Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e0b85246-588b-4eaa-af6c-5099458ee763&Preview=1
Date 2/3/2009
Company Name TextDigger
Mailing Address 12 South 1st Street San Jose, CA 95113
Company Description TextDigger, Inc. is an artificial intelligence software developer focusing on advanced information retrieval services for the Web. Spun off of CNET, we are a San Jose-based start-up offering a unique semantic search service for the Web. Our technology looks at the context and relationships of all the words in a user query and then gathers similar words which should be included for optimal search results. From this process, our search tool learns from its users how to judge meanings for future searches. For our media and content partners, this service greatly enhances their users experience by increasing the accuracy of site search results, thereby maximizing potential revenue from premium content and targeted advertising. Our investors include CNET Networks and several private investors.
Proceeds Purposes TextDigger will use the funding to develop and market its semantic profiling, hosted search and automated tagging solutions in the online publishing and e-commerce sectors, expanding its sales and marketing presence within the U.S.