Conversational Search Technology Company Searchable.ai Raises $4 Million

By Dan Anderson ● June 5, 2020
  • Searchable.ai — the creators of a new class of “Conversational Search” technology — announced that it raised $4 million in additional seed funding led by Susquehanna International Group and Omicron Media

Searchable.ai — the creators of a new class of “Conversational Search” technology — announced that it raised $4 million in additional seed funding led by Susquehanna International Group and Omicron Media with participation by Defy Partners, NextView Ventures, and leading angel investors. And this new funding round will be used for hiring additional scientists and engineers along with further building out the product.

Using traditional web search makes it easier for finding the right website or webpage. And Conversational Search is a new category of search engine technology that allows one to ask questions of information and get the right answer back.

Searchable.ai is applying its patent-pending Neural Indexing™ technology to enable work documents to become deeply searchable and able to respond to your questions no matter the format or where they are stored.  Searchable.ai is able to processes natural language questions to find the answer in any file regardless of format or location and anticipate and index all possible answers and insights in your documents.

There are approximately 1.5 billion websites in the world, but there are over 1 trillion work documents produced every year. And these work documents are not universally searchable yet often contain some of the most valuable information to a knowledge worker, team, and enterprise. Plus the problem is only worsening as work information is increasingly fragmented across disparate document formats and local/network/cloud storage locations.

The average knowledge worker spends 20% of their work week searching for information they need to do their job, according to McKinsey. And as modern teams are increasingly distributed and relying more on collaboration and productivity  tools — with information spread across emails, chats, cloud storage, laptops, shared drives, and traditional files — Searchable.ai is aiming to make it easy to find exactly what they need to be more productive.

Key Quotes:

“Our team of machine learning, artificial intelligence, and computer science professionals is dedicated to solving user problems around being able to find the right asset or answer when you need it so you can be super productive. The big idea is ‘can we activate information so that it can intelligently respond to your questions?’ We have a lot of work to do, but we’re fortunate to have trusted backers, especially during this very trying time in the world.”

-Brian Shin, Co-founder & CEO, searchable.ai

“Having worked on search technologies at both Microsoft and Yahoo, I’ve seen the need for better and smarter search that can anticipate a user’s needs and get smarter over time.  This is an incredibly challenging problem, further compounded by the fragmentation of workplace information,” says . “Searchable.ai is taking an approach and building technology that has potential to impact multiple areas of search to help people achieve more.”

– David Ku, co-founder of a stealth AI company and former Microsoft executive