September 13, 2013
PureDiscovery Lands $10M to Turn Document Deluge Into Discovery
How does the world change when anyone can take a stack of documents and transform them into working semantic intelligence? One company, PureDiscovery, wants to find out, and they’ve just raised $10 million to see if they can expand their “post-search” platform into new arenas.
Dallas-based PureDiscovery Corp says that they are aiming transforming the landscape of scalable semantic discovery. Calling themselves a “post-search company,” PureDiscovery had developed a platform they call BrainSpace, which aims at taking massive amounts of data, and rather than indexing it to be searchable, it uses semantic algorithms to locate the knowledge contained in the data and connect these pieces of knowledge in meaningful ways.
“Our goal at PureDiscovery is nothing less than to change the very nature of how people discover and connect to the most relevant and critical information,” said Dave Copps, CEO of PureDiscovery. “Our platform transforms static search environments where people hunt and peck at large indexes with keywords into dynamic semantic environments where related things are naturally attracted to each other.”
The company already has already been through a proof-of-concept phase, launching their PureDiscovery LegalSuite (PDLS) two years ago, giving attorneys the ability to quickly discover what is contained in their large case stacks. The company has also partnered with LexisNexis, where it has combined the Brainspace technology with the LexisNexis LAW PreDiscovery engine to help speed legal discovery.
The Brianspace technology covers three major elements, the first being custodial. The technology contains a de-duplication technology that streamlines the data, removing both exact duplicates, as well as near duplicates from the large content sets, essentially cleaning up the data and preparing it for the next phase.
With the data cleaned, their clustering engine starts crunching the data looking to organize it into relevant, related clusters of information that form the building blocks of the structure they call the “Brain.” With these pieces established, PureDiscovery says that their Brain building process converts the large collections of information into working semantic intelligence by creating connections to each that can then be fed to the person interacting with the tool.
CEO, Dave Copps explains it here:
On Thursday the company announced that it had secured a Series C round of financing from investment firm Medina Capital which the company says they will use to enhance their legal offering and expand to target additional vertical markets where quickly converting large amounts of data into working knowledge provides a competitive edge. One of these arenas is publishing, where PureDiscovery says their Brainspace platform has the potential to reinvent the interaction between publishers and their subscribers.
On the face, the technology sounds very promising. Anyone who has to rely on search engines for their work knows that they can be very cumbersome for all their usefulness. It will be interesting to see how this concept, which is not too far removed from what Google is doing with their Knowledge Graph, will change the nature of both the Internet and business.
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