Collokia Raises $1.3 Million in Seed Funding
Machine learning-powered collaboration platform gets backing from Globant and Pitanga
SAN FRANCISCO, June 16, 2016 /PRNewswire/ -- Collokia, a machine learning-based collaboration platform, announced today it has secured $1.3 million in seed funding, led by software giant Globant and Fundo Pitanga, a Brazilian venture capital firm. The technology has been in development and testing since 2014 and is currently available for beta customers.
Collokia's platform fosters collaboration between co-workers by enabling improved access to information and knowledge, with its unique combination of plug-in technology and Artificial Intelligence. Collokia's plugins run in the natural work environment silently collecting information, identifying patterns, and mapping employee decision-making to provide contextual support. Machine learning algorithms analyze the collective experience and automatically connect people with other colleagues, research, solutions and sources of knowledge - right when they need it.
"Knowledge workers spend a significant amount of time searching for information, either through standard search engines or through specialized tools", said Pablo Brenner, co-founder of Collokia. "In many situations, co-workers have already searched for similar information, but the work is recreated because there is no knowledge or experience sharing, leaving them unaware. Collokia´s platform automatically identifies such collaboration opportunities and eliminates the time wasted on redundant research efforts. For example, when searching for a specific subject, Collokia alerts users to similar activities that have already been completed, offering recommendations and connecting them with others within the organization that have expertise on the information they are seeking."
In contrast with most collaboration platforms where sharing information requires extra effort by the employee, Collokia´s knowledge mapping, collection and distribution is completely transparent and effortless for all involved parties. Through the use of machine learning algorithms, Collokia makes it easy for employees to not only find key information in their company's systems, but to update and edit these search results. This means that search results, rather than being static, instead become living, active documentation.
"This investment underscores Globant's focus on innovation," said Martín Umaran, Globant Chief of Staff and co-founder. "We see that a huge obstacle for companies to innovate are the separate silos found within them. We believe that Collokia is an innovative tool to accelerate learning, propel productivity, decrease redundant work and, overall, improve the experiences within these organizations."
The funding will be used to expand commercial operations and continue to build out the platform for use in key vertical markets, starting with the IT development industry.
About Collokia
Collokia is a machine learning company aiming to build seamless collaboration solutions for knowledge workers. Collokia was formed in 2014 by Pablo Brenner, former Global VP of Innovation at Globant, and Jayson Minard, former Technologist at Prezi and CTO at Abebooks (an Amazon.com company). For more information, visit www.collokia.com
Media contact:
Jennifer Fugel
845-657-4202
SOURCE Collokia
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