Based at the NI Science Park in Belfast and in St Petersburg in Russia, Sophia Search has developed groundbreaking semantic search technology,which enables companies and organisations to intelligently search documents and unstructured information, whether it resides internally or outside the organisation.
The technology was developed jointly by scientists at University of Ulster and St Petersburg State University in Russia. Dr David Patterson, managing director of Sophia Search, said the company’s involvement in the Seedcorn competition had been invaluab
Most recently the company has secured funding of £800k ($1.2M), the largest ever Angel investment made in Northern Ireland. The funding will assist the company in its expansion into the USA and will also create at least 10 new jobs. The new posts will be in technology and sales and marketing. The company has also appointed as Chairman Dr. Chris Horn, (formerly of IONA Technologies PLC), one of the most successful technology entrepreneurs in Ireland.
Seedcorn, the largest business competition on the island with a €280,000 prize fund, aims to stimulate new start-up activity, accelerate commercial development and create more opportunities for private equity investment. The competition is the largest on the island in terms of the prize fund available and as well as offering fantastic cash incentives, Seedcorn provides invaluable support and advice from some of the island’s top investment experts and the competition mimics a real Venture Capital investment process.
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