Antidot Funding
March 26, 2011
We learned in ITespresso.fr’s story “Antidot Raises Funds to Help Its Development.” (If you don’t read French, you’ll need to run this through a translator like Google’s free service.)
Antidot’s Finder Suite has been, according to the article, at the forefront of semantic web technologies. Now, Antidot wants to develop search engine-specific versions of their software. The company’s appeal to investors is not unusual, but they are hardly struggling. According to the company, the firm in 2009, experienced a 34 percent increase in revenue. The article said:
“ ‘In seven years, Antidot has multiplied its turnover 30 times and created 40 jobs, taking a strong position in a highly competitive market. Antidot has been profitable for seven years and we have the means to finance our development,’ explains Fabrice Lacroix, President and founder of Antidot.”
However, the company feels that this fund-raising is important to their growth at this time. There has been management change at Polyspot and Sinequa. Kartoo, another French search vendor, has gone dark. Antidot is not as well known as Exalead, which was acquired by the French technology and services firm Dassault in 2010. What will Antidot’s engineers develop? We will monitor the innovations.
Cynthia Murrell March 26, 2011
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