from the June 2007 issue

Reuters buying ClearForest

The Reuters news agency has acquired the Israeli startup ClearForest for $25m. Its Israeli shareholders include Walden, Plenus, Greylock and Kadima Hi-tech. Foreign investors include ABS Ventures, Booz Allen Hamilton, Dow Venture Capital, HarbourVest and JPMorgan.

ClearForest, founded in 1998, developed technology to analyze, read and understand large amounts of content originating from diverse documents. Reuters is one of the clients for its technology, which tags content by the principles of artificial intelligence

Reprinted from the Israel High-Tech & Investment Report June 2007

Click HERE to request further information.
Click HERE to go BACK.