MENLO PARK, Calif., July 13, 2016 /PRNewswire/ -- Findo.io, an AI smart search assistant, has raised another $3 million Series Seed 2 investment from Flint Capital, a VC firm that invests in the mobile, SaaS, Advertising, Financial and Educational Technologies, and Security and Enterprise sectors. An additional $1M in co-investment is expected from several well known Silicon Valley Angels. The investment follows last month's launch of the AI smart search engine, which uses artificial intelligence to revolutionize how people manage their personal data and content, no matter where data lives. Now Findo has added Predictive Insights, the first AI tool of its kind to solve information overload.
"Flint seeks to invest in ground-breaking technologies that directly improve human life," said Flint Capital Partner Artem Burachenok. "Findo's ability to mitigate the growing challenge of massive data in everyone's inbox, cloud and storage solution is a game changer."
Findo's smart search engine helps users quickly find information buried in a wide array of documents, slides, audio files, images, or any other information from sources as varied as Dropbox, Google Drive, Evernote and Gmail, Exchange and Outlook. Findo search bots can search from Slack, Telegram, Facebook Messenger and Skype and deliver results right to the messenger.
"We are excited to have Flint as one of our investors," said Gary A. Fowler, Co-Founder and CEO of Findo. "Flint Capital has the vision to invest in companies that are using advanced technologies to solve serious technology problems in order to enhance everyones' lives."
"Findo.io's mission is closely aligned with ours, and we are excited to join them as they forever change how people manage their personal data," Burachenok said. "We see extraordinary potential in Gary's and Dr. Yang's leadership and successful track record, as well as their team's extensive expertise in artificial intelligence."
The newest smart search tool from Findo – Predictive Insights – uses sophisticated AI technology to reduce "infobesity," successfully search information using AI, and produce alerts so that decisions can be made very quickly.
"We are thrilled that Flint decided to invest in Findo, they have an exceptional track record of support for technology companies in the Silicon Valley," said Dr. David Yang, Co-Founder and Chairman of Findo. "This next round of funding combined with our powerful technology allows us to continue to lead the next revolution solving the growing problem of infobesity. Our estimates show that, for some 300 million people, searches are failing at a high rate and people are unable to keep track of information because they are inundated."
"An important contact has sent you a time sensitive task 3 days ago but you overlooked it. Happened to you? It happens to all of us! Findo Predictive insights will send you an alert to Slack, Facebook messenger or Skype that you've never replied to an important contact or say your coworker did not respond to your request," Fowler said. "The world is changing; and with the addition of Predictive Insights we are positioned to solve a problem that no one else has solved. Findo.io is quickly evolving into a smart search assistant that can be used in a number of different ways to stop infobesity."
Contact Findo.io at +1 (650) 440-8969, GaryF@findo.io
Findo.io is the smart search assistant for personal cloud, messenger and offline files which enables users to locate important information faster and more easily using natural language processing.
A Delaware-registered corporation headquartered in Menlo Park, CA, Findo was co-founded by award-winning serial entrepreneurs Gary A. Fowler and Dr. David Yang. The Findo team has 16 engineers, AI scientists and managers; two PhDs; and nine filed patents. They can be reached at PR@findo.io or (650) 440-8969.
Flint Capital is an international venture capital fund investing across the US, Israel and Europe.
Flint's investments focus on Mobile, SaaS, Advertising, Financial and Educational Technologies as well as on the Security and Enterprise sectors. For more information, please visit www.flintcap.com.
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