Press release from Business Wire India
Source: One97 Mobility Fund
Thursday, November 17, 2011 03:08 PM IST (09:38 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Electronic appliances & components, Information technology, Telecommunications; Technology
--------------------------------------------------
One97 Mobility Fund's Rockstar Investment in a Fledging Start-up - Dexetra, makers of Iris
New Delhi, Delhi, India, Thursday, November 17, 2011 -- (Business Wire India) -- One97 Mobility Fund today announced its investment in Dexetra, a fledging mobile product start-up based out of Bangalore, which focuses on Artificial Intelligence around personalized search on mobile.
For over a year, the team of Dexetra has been building Iris - a highly personalized and intelligent answering engine for mobiles. You can talk to Iris on your phone just like you talk to someone who knows a lot about you and your world.
Based on your mobile usage behavior and various APIs (Application Programming Interface) on web, Iris uses its proprietary context building and semantic maps technology to provide answers to users' questions.
Iris for Android, has around a million downloads within a month of the launch and has answered tens of millions of user queries. You can get Iris from Android Market Place (http://bit.ly/android-iris) today and enjoy the company of a close, intelligent friend.
Talking about the investment, Vijay Shekhar Sharma, Chairman and Managing Director of One97 Communications Limited, said "For our early stage investments, we follow a simple principle - Invest in great founder and his team. Businesses are outputs of intelligent minds and passionate hands and not excel sheets. We have invested in passion of team and their capabilities."
"One97 offers unique insight and window to the world of Mobility and Telecommunications" added CEO of Dexetra SS Limited, Narayan Babu, "The investment brings to Dexetra valuable mentorship and experience along with the round of funds."
Dexetra is taking the mobile user interface to the next level by making Voice and Natural Language the primary way of interaction. Inside stuff about Dextra is on http://blog.dexetra.com/.
About One97 Mobility Fund
One97 Mobility Fund is a $100 million fund set up to support entrepreneurs who are making, or are ready to make game changing companies in the mobile eco-system. Incorporated by a team that today leads the way in the mobile internet space, a team that has been through the paces, and has a vision for smaller players to access meaningful capital, mentorship and resources. For more information, check out http://www.one97mobilityfund.com/.
About Dexetra
Dexetra is a fledging product start-up based out of Bangalore, which focuses on Artificial Intelligence around personalized Search and Mobility. For over a year, Dexetra has been building a highly personalized and intelligent Answering Engine, which uses Natural Language Processing, context building and semantic maps to provide answers to users' question. Iris for Android, which is based on the same engine was launched and has around a million downloads within a month of launch. Dexetra hopes to take the Mobile user interface to the next level by making Voice and Natural Language the primary way of interaction, by building a Voice User Interface (VUI) framework.
CONTACT DETAILS
Hema Chockalingam,Corporate Communications, One97 Communications Limited, Hema.chockalingam@one97.net
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, ELECTRONICS, IT, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
No comments:
Post a Comment