CMGI Puts $10M Into Question Technology Firm
The investment is the second made by the CMGI @Ventures Technology Fund since its January launch. CMGI @Ventures, the funding arm of Net holding conglomerate CMGI Inc., Andover, MA, has $1 billion in the fund.
AnswerLogic technology is designed to answer questions posed by customers on e-commerce sites. The so-called "natural language" technology avoids the use of non-contextual links like those served by some search engines. The company hopes to sell the technology as a technical support product and a classroom device.