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Natural Language Search Developer Powerset Raises $12.5 Million

Authored by Mark Hefflinger on November 7, 2006 - 4:22pm.
San Francisco - Powerset, a start-up developing a natural language search engine, said that it has raised $12.5 million in its first round of funding, co-led by Foundation Capital and The Founders Fund. Several angel investors also participated.

The company said that it will use the new capital to expand its product development efforts. San Francisco-based Powerset is building a consumer search engine based on natural language processing.

"By tapping into the expressive power that people already know and use everyday in natural language, all users can let their true intelligence come through in their interactions with a search engine," the company said in a statement.

Related Links:
http://www.powerset.com/press/06/11/06/seriesa.html
tags: Deals | Internet | Tech | Search | Tech Deals | Powerset |



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