Q-Sensei Corp., a developer of search technology, has raised an undisclosed amount of funding led by Verizon Ventures. The round includes follow-on funding from bm-t beteiligungsmanagement Thüringen GmbH, the private equity and venture capital arm of Germany’s Thüringer Aufbaubank, and certain private angel investors.
Q-Sensei Corp., the next-generation search technology company, announced today that it has secured new investment funding led by Verizon Ventures, a strategic venture capital subsidiary of Verizon Communications, and that includes follow-on funding from bm-t beteiligungsmanagement Thüringen GmbH, the private equity and venture capital arm of Germany’s Thüringer Aufbaubank, and certain private angel investors.
Also, Richard N. Nottenburg, PhD, an accomplished technology and communications executive, joined Q-Sensei’s board. Dr. Nottenburg, former CEO of Sonus Networks and Chief Strategy officer of Motorola Solutions, Inc. (MSI) (formerly known as Motorola, Inc., “Motorola”), currently serves as a member of the board of directors of Aeroflex Holding Corp. (ARX) and PMC-Sierra, Inc. (PMCS).
“We are setting forth on a new stage of growth and development and we are excited to have the strategic backing of Verizon Ventures,” said Ute Rother , CEO of Q-Sensei. “Also, Dr. Nottenburg ‘s broad expertise in guiding innovative technology companies and his depth of influence across multiple industries strengthen our plans to address businesses’ information-search needs in numerous sectors.”
“We, at Verizon Ventures, continually seek to invest in promising companies whose technologies complement Verizon’s networks, service platforms and distribution channels,” said Mark Smith , Executive Director of Verizon Ventures. “We look forward to working with
Q-Sensei, whose award-winning enterprise platform is changing not only the way people search for information for better decision-making but also the way businesses develop search-based applications to leverage the wealth of data for various business scenarios.”
“The next frontier in technology will be harnessing the value of Big Data and Q-Sensei’s enterprise platform for search, discovery and analytics applies to a variety of industries from communications to healthcare and finance,” said Dr. Nottenburg . “I am excited to join the board and help Q-Sensei.”
About Verizon Ventures
Verizon Ventures invests in promising entrepreneurial companies to help drive innovation for Verizon Communications Inc. Verizon Ventures’ portfolio focuses on new products, technologies, applications and services that complement Verizon’s networks, service platforms and distribution channels. Deal size ranges from seed capital to $5 million , depending on needs and opportunities. Verizon Ventures often arranges investments with other venture firms and strategic partners.
Q-Sensei delivers powerful multi-dimensional search technology — including an all-encompassing search, discovery and analytics platform and search-based applications — to explore, control and leverage the wealth of data. Q-Sensei’s enterprise platform was noted as a “Trend-Setting Product of 2012″ by KMWorld Magazine and the company was awarded an IT Innovations Award (Innovationspreis-IT) at CeBit in March 2012 . It was recognized as an “Innovative Business Analytics Company to Watch under $100M in 2011″ by IDC and received the “2011 North American Enterprise Search New Product Innovation Award” from Frost & Sullivan.