Searchable.ai receives an additional 4 million dollars for the development of a new search technology7. June 2020
Searchable.ai receives an additional 4 million dollars for the development of a new search technology
New York, 8.6.2020
Searchable.ai is a young start-up company that is in the alpha phase of testing its first product. This weekend, the company announced that it has received additional seed capital of $4 million to develop a new search technology. Susquehanna International Group and Omicron Media led the round with the participation of Defy Partners, NextView Ventures and a group of nameless angel investors. The new investment comes in addition to the $2 million seed capital the start-up company announced in October.
The company is trying to solve a common problem that can be described roughly like this: an employee is looking for information that he needs for his work, but he doesn’t find anything even after several careful searches. There are many reasons for this: firstly, spontaneous storage on some local network, a cloud, as a note in an unfinished area called a “database”, as an attachment to an e-mail.
You have several thousand people in the Alpha program who are currently testing a personal desktop version of the application that helps individual users find their content wherever they are. It is planned to make the program available to a wider group soon.
The roadmap foresees a team version where groups of people can search in their various individual repositories; a developer version to incorporate the search technology into other operations; and finally, an enterprise tool. They also want to add language search, starting with an Alexa capability, because of the belief that we need to move beyond keyword search to more natural language approaches.
“We believe that there will be a whole new category of search, namely searching for companies and search products that are more conversational. [We need to] be able to interact with information in a more natural way, more and more in conversation. That’s where we think the market will go,” said Brian Shin, co-founder and CEO of the company.