Welcome!

Cognitive Computing Authors: Yeshim Deniz, Pat Romanski, Amit Gupta, Elizabeth White, Liz McMillan

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
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...