Cross-post from http://idibon.com/new-funding-for-idibon/
We’ve seen Idibon grow in leaps and bounds over the last six months, supporting language processing systems in more than a dozen languages. We have applied our expertise to everything from finance to health to education and we are grateful to everyone who has helped us bring more sophisticated language technologies to the connected world.
Today, I’m really happy to announce that Khosla Ventures are sharing in our vision by investing $1.4 million in Idibon. We extend our thanks to everyone at Khosla Ventures and are especially excited to be working with a firm that supports growing companies while making a sustained positive impact on the world. We’re also excited to add their CTO, Sven Strohband, to our board of directors. Like a number of us, Sven is a graduate of Stanford where he was the lead engineer for the Stanford Racing team’s self-driving “Stanley” vehicle, one of the few pieces of artificial intelligence now on display in the Smithsonian Museum. We are fortunate to draw on his machine-learning expertise in addition to his business acumen.
For our clients, this investment means that we will be bringing you even more accurate and efficient services. We greatly appreciate how you were willing to work with us when we were still getting going and we have enjoyed having the opportunity to develop our technology with your continued feedback. Whether we’re helping you manage your business or social media communications, our predictive analytics will continue to help increase your business intelligence.
There’s a lot on the horizon for Idibon. Language technologies are at the cutting edge of intelligent computing. It’s going to take some long hours for us to get there, but we are enthusiastic about meeting our objective of creating accurate, scalable language technologies that help people understand the world and each other.
- Robert Munro