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SOPHIA Search Secures Largest Angel Investment in Northern Ireland - SOPHIA has closed a $1.2 million seed funding round
SOPHIA Search Secures Largest Angel Investment in Northern Ireland

 

NewswireToday - /newswire/ - Belfast, Ireland, 2010/07/07 - SOPHIA has closed a $1.2 million seed funding round.

   
 
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SOPHIA Search Limited, the emerging leader in enterprise search and unstructured content management, has closed a $1.2 million seed funding round constituting the single largest angel investment ever made in Northern Ireland. The financing will be used to globally deliver and market SOPHIA’s next-generation search and discovery solutions.

SOPHIA’s technology is purpose built on the company’s unique, patented, Contextual Discovery Engine (CDE) based on the linguistical model of Semiotics, the science behind how humans understand the meaning of information by meaning and context. The CDE platform automatically detects relationships and themes in unstructured content to enable organizations to seamlessly search, extract, deduplicate and eliminate redundancy of content to minimize risk and reduce the cost of retrieving, storing and managing enterprise information.

The financing round was led by Volcano, Belfast, co-investing with the HALO EIS fund managed by Javelin Ventures, London. With the funds, SOPHIA will invest in product development and delivery, expand its sales channel, and invest in marketing to drive market share for its dynamic CDE solution.

The newly funded organization has an experienced leadership team which includes: Dr. Chris Horn, chairman (formerly of IONA Technologies PLC), and one of the most successful technology entrepreneurs in Ireland; David Patterson co-founder, president and CEO; Dr. Vladimir Dobrynin, co-founder and CSO, Jim Blumel, vice president, business development; John Breslin, CTO, and Alastair Kerr, vice president, global sales.

“Discovering, recovering and eliminating redundant enterprise information has become a critical requirement to ensure compliance and to harness the intelligence of enterprise information,” said Chris Horn, chairman, SOPHIA. “The company’s patented CDE technology is transforming the way organizations gather and analyze critical information to reduce risk and streamline the cost and complexity of information management. I am pleased to join the SOPHIA team as chairman and look forward to the next stage of rapid growth in one of the hottest market segments today.”

“This round of strategic financing is a validation of our industry leading search technology, compelling market opportunity and stellar management team,” said David Patterson, co-founder and CEO, SOPHIA. “It’s fantastic to have a chairman of Chris Horn’s calibre along with a commercially-astute executive team as we push forward with our aggressive growth plans to deliver next-generation contextual search solutions that address real pains in the market. This investment will enable us to accelerate our expansion into the US market which holds so much opportunity for SOPHIA.”

About SOPHIA
SOPHIA Search (sophiasearch.com) is an innovation leader in enterprise-class search and discovery based on the linguistical model of Semiotics, the science behind how humans understand the meaning of information in context. Unlike traditional search solutions that rely on a limited taxonomy classification hierarchy, SOPHIA is built on a patented, next-generation search engine platform to automatically discover relationships and themes in unstructured content. This enables organizations to seamlessly search, extract, deduplicate and eliminate redundancy of content to minimize risk and reduce the cost of storing and managing enterprise information. Founded in 2007, Sophia is headquartered in Belfast, Ireland with offices in Boston, MA.

 
 
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SOPHIA Search Secures Largest Angel Investment in Northern Ireland

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