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Press Release: Yewno [June 15, 2016]

Yewno exits stealth operations with $10 million series A financing to introduce hyperknowledge

Jun 15, 2016 -- Redwood City, CA. Yewno, a profoundly new approach to knowledge discovery aimed at enhancing human understanding, today announced it has exited its two-year stealth mode period, during which the Company achieved the completion of its technology infrastructure and initial content ingestion as well as closed a $10 million Series A funding round backed by Pacific Capital. Such investment is being used to accelerate Yewno's go-to-market activities and continue to scale the business ahead of its public debut.

The company also revealed it has signed more than two dozen partners ranging from top research universities and publishing houses to content aggregators. Yewno's ingested knowledge base is large and rapidly growing, comprised of nearly 50 million vetted, quality items, some dating back almost 200 years; the result is a unique knowledge discovery platform where concepts are searched and chained to resemble a human inferential cognitive process.

"We believe in the journey for knowledge and the power of undiscovered connections," said Ruggero Gramatica, CEO and founder. "The surging volume of available information presents a real and growing challenge that can adversely affect discovery, innovation, and productivity as people attempt to distinguish a true signal in a noisy universe of data. With this infusion of capital we will be able to speed development cycles to deliver on the promise of hyperknowledge, which will effectively cut through the information glut for organizations and individuals alike."  

Transcending knowledge management, unstructured data, search engines and more, hyperknowledge promises to transform the entire concept of online research. By using the human mind as the ultimate model for knowledge understanding, Yewno is developing an inference engine that enables the connection of concepts and information tied directly to content presentation. 

"What Yewno is developing is leaps and bounds beyond the systems and solutions available for research and knowledge discovery in the market today," said Silvio Scaglia, principal investor at Pacific Capital. "We believe in the team and are eager to support their development efforts as they prepare for launch."

In addition to supporting go-to-market activities, funds are being utilized to expand support for the vertical areas where Yewno's technology framework is being applied and to grow the technical, business and support teams accordingly.

Pacific Capital, established in April 2007, is an investment firm with assets in excess of EUR 800 million, that focuses on capital preservation and delivering consistent, superior absolute returns with low volatility and correlation to equity and fixed income markets. Pacific Capital's mandate is to identify and invest in attractive opportunities in both public and private companies. The Firm invests in both developed and emerging markets securities, and in publicly-traded marketable securities and non-publicly-traded securities. Pacific Capital also selectively invests in venture capital opportunities, based on strict investment criteria.

About Yewno

Founded in 2011, Yewno is sparking curiosity, passion and the thirst for knowledge by building the technology to enable connections between concepts and content. Yewno is comprised of a team of hands-on entrepreneurs, engineers and data scientists who have experience with technology startups and publicly-traded stalwarts alike. Advancing a bold vision of enhancing human understanding, Yewno is venture-funded with private beta currently with leading companies worldwide. For more information, please visit http://corp.yewno.com/.


Summary: Yewno, a profoundly new approach to knowledge discovery aimed at enhancing human understanding, today announced it has exited its two-year stealth mode period, during which the Company achieved the completion of its technology infrastructure and initial content ingestion as well as closed a $10 million Series A funding round backed by Pacific Capital. Such investment is being used to accelerate Yewno's go-to-market activities and continue to scale the business ahead of its public debut.
Publication Year:2016
Type of Material:Press Release
LanguageEnglish
Date Issued:June 15, 2016
Publisher:Yewno
Company:
Company: Yewno
Permalink: https://librarytechnology.org/pr/22341

LTG Bibliography Record number: 22341. Created: 2017-03-14 15:38:10; Last Modified: 2017-03-14 15:38:54.