Friday, November 24, 2006 Raises $11 Million

Hakia said it has raised $11 million in its first phase of funding from a panoply of investors scattered across the globe who were attracted by the company’s semantic search technology, which the upstart aims to make superior to Google’s search engine.

The New York-based company said it decided to snub the usual players in the venture capital community lining Silicon Valley’s Sand Hill Road and opted for its international connections instead, including financial firms, angel investors, and a telecommunications company.

Among them were Poland’s Prokom Investments, an investment group active in the oil, real estate, IT, financial, and biotech sectors. ...

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