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QWIKI

January 22, 2011 by staff 

QWIKI, Facebook co-founder Eduardo Saverin, in conjunction with YouTube co-founder Jawed Karim, CEO of Juniper Networks and CTO Pradeep Sindhu, and venture capital investors have added $ 8 million into the coffers of Qwik start, which gives results research in multimedia, rather than links.

The latest round of funding – which has also received suggestions from Greylock, Lerer Ventures, Contour Ventures, Ventures and tug – Qwik means has raised a total of 9.5 million, including turn angel. Founded in 2009 by CEO Doug Imbruce, management of the corporation includes CTO Louis Monier, founder of AltaVista.

Qwik, which is currently in its alpha phase by invitation only, uses a variety of sources to answer user queries, taking pictures of sites such as Flickr and Wikipedia data, for example, to generate video storyboards. Content is mechanized, as the promoter. To date, the site has over 3 million terms of reference to deliver results in a combination of video, audio, text and images.

“Our new financial partners will help provide the resources, independence and strategic know-how to grow Qwik the next level and to continuously improve the way the world consumes information,” said Imbruce, in a statement.

Saverin, who now lives in Paris, declined to disclose the amount invested in Qwik. He was director of Facebook first company and owns 5% of social media giant, valued at about 2.5 billion.

“Qwik is a revolutionary platform that will define the future of information consumption in the world. I am particularly pleased to support the team Qwik that their product is the initial momentum. It is always fascinating to be involved in the early stages of disruptive technology, “Saverin said in a statement.

The company, which began in September 2010, plans to use the financial infusion to fund technology development and launch across multiple platforms, according Qwik. This year, people will be able to use and create Qwik on almost any subject, on any device, the company said. In addition, Qwik considering adding more scientists and artists to its staff, he said.

“Whether you are planning a trip on the Web, the evaluation of restaurants in your phone, or help with homework in front of family AppleTV, Qwik dedicated to providing information in a format that is the quintessence of the man – the story instead of research, “the company’s Web site said.” We believe that because the machine stores the data does not mean it should be presented as a machine-readable list. Try harder. ”

Qwik, a startup pioneer “experience information” via a processing broadcast data in the accounts of rich media, announced today that it closed and 8 million in Series A funding. To date, the company raised a total of 9.5 million and including turn angel.

The round was led by several high-profile investors, including investors Eduardo Saverin primary (co-founder, Facebook), Jawed Karim (Co-founder, YouTube) and Pradeep Sindhu (Co-Founder, Juniper Networks). Institutional investors included Lerer Media Ventures, Ventures and Contour Venture Partners tug. Pejman Nozad Saverin and will join the Board of Directors Qwik as observers. The union of the individual investor has been organized by the New York City-based investment Felix.

“The public’s enthusiasm for Qwik after our debut TechCrunch Disrupt demonstrates the incredible opportunity that awaits us,” says CEO Doug Imbruce. “Our new financial partners will help provide the resources, independence and strategic know-how to grow Qwik the next level and to continuously improve the way the world consumes information.”

Eduardo Saverin said, “Qwik is a revolutionary platform that will define the future of information consumption in the world. I am particularly pleased to support the team Qwik that their product is the initial momentum. It is always exciting to be involved in the early stages of disruptive technology. ”

“Qwik is a game changer,” said Jawed Karim. “The team has managed to create a new media format that will greatly enhance the Web experience.”

Funding follows the release of private invitation-only Alpha Qwik of its reference product, for which the company has received hundreds of thousands of user registrations. Qwik use the $ 8 million to fund technology development and launch publicly on multiple platforms.

About Qwik, Inc.
Qwik was co-founded by the entrepreneur and Doug Imbruce Internet industry pioneer Dr. Louis Monier (AltaVista founder). Company’s technology transforms the data into rich-media stories, offering an “experience of information.” Qwik began in September 2010 at the TechCrunch Conference Disrupt, where he won the Cup Disrupt TechCrunch. The Company released its private alpha and plans to launch publicly on multiple platforms soon. For more information, please visit www.qwiki.com.

Source: http://www.informationweek.com/news/smb/ebusiness/showArticle.jhtml?articleID=229100031&cid=RSSfeed_IWK_All

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