Squirro, world’s first personal digital research assistant, scores Seed Funding

Share Article

Angel consortium includes backers and former executives from QlikView, SAP and Siebel

squirro
While Squirro is great for work or play, it’s in the business space where ‘noise cancellation’ is critical. Squirro is designed to give people the ability to filter out irrelevance and harvest the content that matters most.

Nektoon AG, the company behind the award-winning web-clipper and note-taking app Memonic, today announced it received more than more than $1.5M in seed funding from an international consortium of seasoned technology investors. The funding will be used to support the launch of the company’s new personal digital research app Squirro, planned for the second quarter of 2012.

The investment consortium includes the key players who drove the entire movement of the B2B information industry from ERP to CRM to BI over the past two decades – and the revolution from traditional, enterprise-driven software to personalized, user-driven, social apps. They include:

  • Alex Ott, founder of CrossContinental Ventures, board member of QlikTech and former executive of SAP and Siebel. Ott led the investment and will join the Squirro board.
  • Dr. Friedrich Georg Hoepfner, named Germany’s “Business Angel of the Year” in 2010
  • Andy Honess, former executive of Siebel Systems and QlikTech
  • Måns Hultman, founder of Tassaka and former chairman and CEO of QlikTech
  • Raul Vejar, former executive of SAP and its Business Objects division
  • Paul Wahl, currently Executive-in-Residence with Accel Partners, board member of QlikTech and former executive of SAP and Siebel

Memonic is the all-in-one, mobile to desktop app to clip, save and share web content in a personal online notebook. Launched in 2009, Memonic has racked up numerous awards, including Computer Bild’s best mobile app for 2011, runner-up at Salesforce.com’s Appquest '11 competition, and finalist for Best App Ever Award in 2011.

Squirro will extend Memonic’s mantra of “keep the essential” to “harvest the essential” with content curation, bundled tools, community connections and personalized workspaces. Squirro is set to launch this spring in a private beta. Interested individuals can sign up to participate at http://soon.squirro.com. Memonic is available for download at http://www.memonic.com.

Squirro creates a living collection of content that’s updated continuously and automatically in a simple, elegant digest that can be shared with colleagues and friends. More specific than search and broader than feeds, Squirro scans multiple sources to find the most relevant information on topics of interest and includes tools to clip, save and share. Squirro will offer integration with Salesforce.com, SAP, Highrise and other enterprise applications to deliver related internal and external content with business data.

“While Squirro is great for work or play, it’s in the business space where ‘noise cancellation’ is critical. Squirro is designed to give people the ability to filter out irrelevance and harvest the content that matters most – with the simplicity, access and social capabilities of personal apps,” said Dr. Dorian Selz, co-founder of Squirro. “This funding – along with the experience of our investors – accelerates our ability to bring it to market.”

Nektoon also received backing from the Swiss-based Hasler Foundation, De Vigier Foundation and the Zürcher Kantonalbank.

About Squirro
Squirro is the personal digital research app. Broader than feeds and more specific than search, Squirro scans multiple sources from Internet channels and social media, private databases and even internal systems such as Salesforce.com and SAP to find the most relevant information on your topic of interest, then updates it continuously and automatically. The result is a living collection of curated content you can save, synthesize and share with friends and colleagues in your own private workspace.

Squirro was developed by Nektoon AG, a team of passionate internet geeks and entrepreneurs with high ambitions: To simplify the everyday need to find, remember, organize and share important information. They created Squirro following Memonic, the award-winning, online note-taking app and the Swiss search engine local.ch.

Company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Estera Hayes
Full Circle Communications
+1-610-517-6404
Email >

Dr. Dorian Selz
Squirro
+41-44-586-98-98
Email >
Visit website