Recommind Hits $70 Million
September 16, 2015
A video from the Big Data Landscape, part of their Big Data TV series, brings us an interview with Recommind’s CEO, Bob Tennant. The 11-and-a-half minute video and its transcript appear under the headline, “How Recommind Grew to $70M in Big Data Revenue.”
The interview by Dave Feinleib explores Recommind’s right-moves-at-the-right-time origin story, what its intelligence and eDiscovery software does, and why Tennant is confident the company will continue to thrive. This successful CEO also offers advice for aspiring entrepreneurs in any field, so check out the video or transcript for those words of wisdom.
Interestingly, the technology Tennant describes reminds us of early Autonomy methods [pdf]. He discusses working with unstructured data:
“So what you have to do is try to understand at a deeper level what’s happening semantically. What Recommind does is marry up a very highly scalable system for dealing with unstructured information– and the kind of database you need for doing that is different than what you would utilize for online transaction processing. But it also marries that up with a very deep knowledge of machine learning, which is the root of the company and where our post-docs were doing their research, to help understand what the key pieces of information in the sea of textual stuff are. And once you understand the key pieces, then you can put that into applications for further use or you can provide it to business intelligence applications to make sense of, or you can feed it elsewhere. But that’s very different from dealing with very structured data that most people are familiar with.”
Launched in 2000 and headquartered in San Francisco, Recommind provides search-powered analysis and governance solutions to customers around the world. The company’s Malolo technology stack is built upon their CORE information management platform.
Cynthia Murrell, September 16, 2015