Industry News

Upcoming Hackathon at Cornell Showcases Smart Search

cornellDebra Eichten of the Cornell Chronicle recently wrote, “At the Big Red//Hacks event Sept. 26-28 – billed as the first student-run, large-scale hackathon at Cornell University – participants will have access to a semantic intelligence application program interfaceAPI, the core technology for a new startup, Speare.  Speare founder and CEO Rahul Shah ’16 said his passion for understanding information, coupled with meeting students who shared an interest in entrepreneurship, resulted in the creation of Speare – a startup business that harnesses semantic intelligence to understand the meaning of textual information.” Read more

Tim Berners-Lee: What Kind of Internet Do We Want

timbernersleeExchange Magazine recently wrote, “Sir Tim Berners-Lee invented the World Wide Web 25 years ago. So it’s worth a listen when he warns us: There’s a battle ahead. Eroding net neutrality, filter bubbles and centralizing corporate control all threaten the web’s wide-open spaces. It’s up to users to fight for the right to access and openness. The question is, What kind of Internet do we want? Tim Berners-Lee invented the World Wide Web. He leads the World Wide Web Consortium (W3C), overseeing the Web’s standards and development.” Read more

The Four Top Search Providers Unite to Talk Semantic Web

schema dot org logoMark Albertson of the Examiner recently wrote, “It was an unusual sight to be sure. Standing on a convention center stage together were computer engineers from the four largest search providers in the world (Google, Yahoo, Microsoft Bing, and Yandex). Normally, this group couldn’t even agree on where to go for dinner, but this week in San Jose, California they were united by a common cause: the Semantic Web… At the Semantic Technology and Business Conference is San Jose this week, researchers from around the world gathered to discuss how far they have come and the mountain of work still ahead of them.” Read more

Ontotext Improves Its RDF Triplestore, GraphDB™ 6.0

ontotextSofia, Bulgaria (PRWEB) August 20, 2014 – GraphDB™ 6.0 from Ontotext was released today including improvements to the enterprise replication cluster, faster loading speeds, higher update rates and connectors for Lucene, SOLR and Elasticsearch. This release happens to coincide with a name change for this high performance triplestore – GraphDB™ was formerly known as OWLIM. Now, organizations interested in deploying the only mature enterprise resilient RDF triplestore will also benefit from advanced search functionality using the best full-text search engines without additional integration and synchronization efforts. Read more

Robert Bosch Venture Capital Leads $3.75 million Series A Round for Flybits

fly-300x85TORONTO, Aug. 20, 2014 /CNW/ – Flybits Inc., a Toronto start-up that has created a context-aware experience development platform for mobile environments, has closed a $3.75 million Series A financing. Led by Robert Bosch Venture Capital GmbH (RBVC) and Trellis Capital Corporation with participation from MaRS Investment Accelerator Fund and Ryerson Futures, Inc., the investment will advance the company’s product development and international growth in the United States and Europe.

Since spinning off from Ryerson University in 2012, Flybits has raised a total of $4.05 million to date, including a seed round from MaRS Innovation. Flybits technology has been used in developing smarter cities, connected stadiums, smart corporate campuses, shopping malls, conference venues and even fashion shows. The company also concurrently incubated its technology at the Ryerson Digital Media Zone in Toronto and Vodafone Xone in Redwood City, California. Read more

Can IBM’s New Smart Chip Think Like a Human?

ibmTim Beyers of The Motley Fool recently wrote, “For years, International Business Machines has been dabbling with what it calls ‘cognitive computing.’ Now the company that brought you the Watson supercomputer believes it has a chip that can think like the human brain. Called TrueNorth, the chip draws on some 5.4 billion interconnected transistors to form a vast network not unlike the neural networks found in the human brain. That’s a potentially massive breakthrough, especially for Internet-connected mobile devices that encounter new data every second. We’re likely to be years away from mass production of the TrueNorth chip. And even then, experts quoted in this article in The New York Times seem to be split on its potential impact.” Read more

Medallia Raises $50M to Decode Customer Sentiment

medGeorge Anders of Forbes reports, “Medallia is $50 million richer, thanks to a new infusion from one of Silicon Valley’s top venture firms: Sequoia Capital. The new money will help the Palo Alto, Calif., customer-insights company expand geographically and tackle one of software’s trickiest challenges: decoding the noisy rumbles of public sentiment. Medallia helps big companies such as  Nordstrom, Best Western, Lego and Telstra figure out what customers really think about various products and services. A generation ago, direct feedback was scarce. Now, if anything, there’s too much of it. Add up everything being expressed on Twitter, Yelp, TripAdvisor, e-mail surveys and old-fashioned comment cards — and company executives can feel as if they’re drowning in too much information that keeps arriving hourly in haphazard form.” Read more

Famo.us Raises $25M to Help Users Make Apps with JavaScript

fam-300x234Kara Swisher reports on Recode, “Famo.us, an unusual programming startup that allows users to make nifty mobile apps using JavaScript, has raised $25 million in additional funding and added high-profile investor Jerry Murdock to its board. The new round comes after two others — one for $1.1 million and another for $4 million. About $20 million of the new round is in exchange for equity, while $5 million is debt. Along with Murdock — whose investments via Insight Venture Partners have included Nest, Flipboard and Twitter — Samsung Ventures and Javelin Venture Partners are also participating, the company said. The San Francisco-based company is aimed at using JavaScript, the sometimes disrespected programming language, to create a product that is easy to use by a range of developers, even non-techies. To help promulgate that, Famo.us also offers a free online ‘university’ where anyone can learn to program using its tools.” Read more

Yahoo Acquires Local Search App Zofari

zofariMenchie Mendoza of TechTimes recently wrote, “Affectionately described as a ‘Pandora for places,’ Zofari’s acquisition seemed to have attracted less attention when the deal was announced last week. Zofari uses natural language processing, machine learning, and third party data to collect information that matches up the user with places which the user may find interesting. The financial terms of the acquisition have not been revealed. On Zofari’s official site, the company confirmed that four of its employees are joining Yahoo. They are identified as Oliver Su, Shahzad Aziz, Jason Kobilka and Nate Weinstein. ‘After meeting some of the amazing folks on the Yahoo Search team and hearing about their vision, the decision for our team to join Yahoo was an easy one,’ said in the announcement. ‘We can’t talk about what we’re working on yet, but needless to say we are very, very excited’.” Read more

FirstRain to Reveal How to Drive Unmatched Personal Information Experiences at 2014 Semantic Technology & Business Conference

First-RainSAN MATEO, Calif.–(BUSINESS WIRE)– FirstRain, the leader in Personal Business Analytics™, will present an advanced technical workshop on the techniques for driving unmatched personal information experiences at the 2014 Semantic Technology & Business Conference in San Jose, CA. FirstRain’s personalized business analytics create a personal interest graph, drawn from business-focused Web and social media, based on a user’s role, the product lines they are selling and to whom they sell and then delivers analytics that prompt users on when and who to call. Read more

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