Industry News

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

Symplectic Becomes the First DuraSpace Registered Service Provider for the VIVO Project

vivoResearch Information recently reported, “Symplectic Limited, a software company specialising in developing, implementing, and integrating research information systems, has become the first DuraSpace Registered Service Provider (RSP) for the VIVO Project. VIVO is an open-source, open-ontology, open-process platform for hosting information about the interests, activities and accomplishments of scientists and scholars. VIVO aims to support open development and integration of science and scholarship through simple, standard semantic web technologies.” Read more

ADmantX Raises $2.4 Million to Continue Company Growth

ADmantXNEW YORK, NEW YORK, Jul 31, 2014 — ADmantX, the next-generation contextual analysis and semantic data provider, today announced the completion of $2.4M financing. As demand for new audience data and semantic targeting increases, the investment will support the company’s strategy for commercial expansion and evolution of its product line.

Increasing reliance on data for brand protection, audience profiling and optimizing the match between ads and page content require solutions for targeting that are innovative and effective. Read more

Microsoft Data Architect Talks Azure ML and the Future of Machine Learning

azuremlMary Branscombe of Tech Radar recently wrote, “We had the opportunity to interview Roger Barga, one of the architects of the Azure ML, Microsoft’s machine learning cloud service, to discuss various aspects of the system. ‘The ranking algorithm that’s in our regression module, the same one running Bing search and serving up ranked results,’ Barga told TechRadar Pro. ‘It’s our implementation on Azure but all the heuristics and know-how came from the years of experience running it. The same recommendation module we have in Azure ML is the same recommendation module that serves up in Xbox what player to play against next.’ Azure ML can look at a document, work out what it’s about and look those topics up on Bing. ‘We can say this is a company, this is a person, this is a product,’ explains Barga. ‘That’s the same way Delve will find documents and discussions and messages that you’ll want to see’.” Read more

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