CMGI Puts $10M Into Question Technology Firm

Share this content:
CMGI @Ventures and Novak Biddle Venture Partners Monday injected $10 million in second-round financing into AnswerLogic, Washington, a firm that produces question-answering technology for Web sites.


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.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above