Welcome!

API Journal Authors: Liz McMillan, Christopher Keene, Rishi Bhargava, Pat Romanski, Elizabeth White

News Feed Item

Nara Picks up $3 Million in New Funding to Support Its Rapid Rate of Expansion

Nara Logics Inc., a company that solves the problem of Web search by crafting a more personalized Web, today announced an additional $3 million in funding bringing its total funding this year to $7 million. Account Management, LLC (AMC), a 50-year-old investment advisor in Boston, led this recent round as well as the company’s initial round of funding. The company is using the new funds to extend the Nara platform for both Web and Mobile and to continue hiring stellar talent. Nara also added several new features to its recently launched Nara Mobile app, available for free at App Store, Google Play and Nara Web available at nara.me.

“We feel fortunate to participate in the coming together of artificial intelligence and neural networks as the next generation of Internet search engines,” said Peter de Roetth, co-founder of AMC. “Nara Logics has opened new vistas that will put Big Data at the beck and call of consumers and businesses, as we now begin to transform searching into finding.”

Research shows that the average American will spend nearly two decades of their waking life tangled in the World Wide Web. And this problem is only growing.

“Nara’s vision is to build a more personal, actionable and liberating Web to achieve a life well found,” said Thomas Copeman, chief executive officer and founder of Nara. “We really appreciate that our investors are confident in our vision and accomplishments. This additional funding will accelerate our North American footprint, allow us to grow into new markets, and extend into other consumer categories. We will also use these funds to further develop and scale the Nara Neural Network.”

Nara Funding and Momentum

Peter de Roetth and other investors have contributed an additional $3 million, growing Nara’s total funding amount in 2012 to $7 million. Nara is a collective of neuroscientists from MIT, artists, computer scientists, astrophysicists, business leaders and tech industry veterans. In the past year, Nara nearly tripled the number of its employees.

Nara’s innovative technology platform currently analyzes over 250,000 restaurants, coffee shops, bars and cafes in 25 top cities in the U.S. and Canada. The Nara Neural Network is comprised of many millions of connections among these venues. With its brain-like algorithm, Nara is able to simplify this complex map into personalized recommendations.

On November 13, 2012, Nara announced its new, free Nara Mobile app for iPhone and Android that minimizes time searching and helps people discover new dining experiences that are tailored to their tastes. Through active use of the platform, Nara’s app learns a person’s restaurant preferences to create their unique Digital DNATM and suggests other restaurants tailored to their tastes. In addition, Nara expanded its personalized Web platform from eight to 25 cities across the U.S. and Canada from New York City to San Francisco to Toronto.

In the last month, Nara’s site traffic has nearly doubled, while recent page views are growing at an even higher rate. Since launching just one month ago, Nara Mobile continues to see a strong increase in downloads and user activity.

The Nara Neural Network Expands and Adds New Features to Mobile App and Web

“We have discovered a new pattern for how information can be automatically organized and personalized for people across the Internet,” said Dr. Nathan Wilson, chief technology officer of Nara. “We are now deploying massively parallel neural networks into the cloud to do this at Web scale and bring order to a growing number of categories. It is exciting to watch the pace of this process quickening and we are expanding way beyond restaurants as we encounter new categories and weave connections across websites. We see a bright future in the automated personalization of the entire Internet.”

Launching first on Nara Web, the new “Why?” button explains why Nara’s Neural Network has made a particular restaurant recommendation based on a user’s unique Digital DNA. Nara users have been curious about the science behind the platform, so “Why?” offers people more context.

In addition, Nara added these three new features to both Nara Mobile and Web including:

1. Ability to see restaurant menus on the Merchant Page

2. Integrated Foursquare tips on the Merchant Page

3. New optimized viewing for iPhone 5 users

About Nara

Founded in 2010, Nara Logics Inc. solves the problem of Web searching through a next-generation personal Internet platform that automates, personalizes, and curates the Web for people. Based in Cambridge, Mass., Nara’s mission is to build a more personal, actionable and liberating Web to achieve a life well found. Founded by Thomas Copeman, Nara has raised $7 million to date led by Peter de Roetth of Account Management, LLC. Find Nara online at: www.nara.me and on social channels at: https://twitter.com/Nara__me and www.facebook.com/pages/Narame/297994220245669.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...