High-Tech Gründerfonds invests in ConWeaver
Provider of semantic search engine with excellent positioning.
As easy as Google, but far more structured: ConWeaver’s semantic search function intelligently links up company-wide business data with a knowledge network. Company-relevant information can thus be found rapidly and with pin-point accuracy. High-Tech Gründerfonds is investing for further growth at ConWeaver GmbH.
Companies that possess a specific, proprietary know-how and are able to use it in a focused manner enjoy a significant advantage over their competitors.However, large international groups aiming to improve their knowledge management on a sustained basis are often faced with complex tasks that are virtually impossible to manage without tools tailored specifically to their requirements.This is where ConWeaver, a spin-off of the Fraunhofer IGD, the world’s leading institute for applied research in Visual Computing, comes into play, providing tailored enterprise search solutions to companies and organisations.Markus Kressmann explained the reasons behind the investment by High-Tech Gründerfonds as follows: “ConWeaver has developed a profound and complex technology, into which more than 45 man-years of development have been invested so far.This innovative technology has great potential on the growing enterprise search market.”
More knowledge – less effort
In order to shorten a company’s in-house search paths, as a first step ConWeaver automatically integrates structured and unstructured client data, which in most cases are spread across a variety of storage media, into a multilingual semantic knowledge network. This process creates helpful links between people, departments, publications, products and projects, which can then be mapped within the knowledge network. Through these connections the ConWeaver software then enables an exploration of the data that goes beyond their mere information content. The results are subsequently processed in detail in a search template and then displayed in categories: cross-references to other related subjects can be easily and simply created, and searches can be expanded or narrowed in each individual case. The system assists the user with navigation and search aids right up to the requested result. Moreover, contents from relevant external internet sources can be incorporated into the network.
Dr. Thomas Kamps, co-founder and Managing Director of ConWeaver, describes the advantages of the application as follows: “Unlike traditional web full text search engines that only look for words or sentences, ConWeaver is able to achieve optimum results independently of the actual wording and of any spelling mistakes through the use of meaning-related terms. Another unique feature is the indirect search via the knowledge network.”
Reputable clients are convinced by the intelligent search engine: “ConWeaver has enabled us to simplify our decision-making processes and to expand the knowledge of our staff further. Complex questions can be answered within a very short time, and experts can be promptly located. Geographical constraints have virtually ceased to play a role. This semantic knowledge network gives us greater power as we compete against others,” is how Beate Kögel of Bilfinger Berger Multi Service Group described the benefits of ConWeaver’s Semantic Enterprise Search.
ConWeaver develops and markets software for the automatic integration of corporate data and intelligent semantic and multilingual searches. With the help of ConWeaver the entire information landscape of a company can be integrated and subsequently be retrieved in a simple, structured and rapid way. ConWeaver GmbH is a spin-off of the Fraunhofer Institute for Graphic Data Processing (IGD), the world’s leading institute for applied research in visual computing.
About High-Tech Gründerfonds
High-Tech Gründerfonds invests risk capital in young, high-potential technology companies that convert promising research results in business success. The seed finance provided aims to enable start-ups to take their R&D project through to the creation of a prototype, a proof of concept or to market launch. The Fund normally invests EUR 500,000; in total, up to two million euros are available per technology company. Investors in this public/private partnership are the German Federal Ministry for Business and Technology, the KfW Banking Group as well as the six industrial groups of BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. High-Tech Gründerfonds has a fund volume of about 272 million euros.
High-Tech Gründerfonds Management GmbH
Senior Investment Manager
Phone:+49 228 96568500
Fax: +49 228 96568550