Xerox works deal with start-up to rival Google

Vikingod · Feb 10, 2007, 03:52 PM

Source: ComputerWorld
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Xerox Corp. research subsidiary the Palo Alto Research Center (PARC) has struck a licensing deal with a high-profile start-up in the hopes of building a search engine that could one day rival Google Inc.

Powerset Inc. in San Francisco is developing a search engine based on natural language processing with the help of PARC, which has been working on technology in this area for 30 years, said Powerset founder and CEO Barney Pell. The search engine is expected to go live by the end of the year.

Powerset, which has raised $12.5 million in funding from various venture capital firms and angel investors, has been negotiating with PARC to use the technology the research firm developed since September 2005, a mere month after Powerset was launched and a month before the company was incorporated in October, Pell said.

Feb 10, 2007, 03:52 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Xerox works deal with start-up to rival Google Source: ComputerWorld ____________ Xerox Corp. research subsidiary the Palo Alto Research Center (PARC) has struck a licensing deal with a high-profile start-up in the hopes of building a search engine that could one day rival Google Inc. Powerset Inc. in San Francisco is developing a search engine based on natural language processing with the help of PARC, which has been working on technology in this area for 30 years, said Powerset founder and CEO Barney Pell. The search engine is expected to go live by the end of the year. Powerset, which has raised $12.5 million in funding from various venture capital firms and angel investors, has been negotiating with PARC to use the technology the research firm developed since September 2005, a mere month after Powerset was launched and a month before the company was incorporated in October, Pell said.