Powerset (company)

Infobox Company
name = Powerset

type = Privately held
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foundation = San Francisco, U.S. (2005)
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location_city = San Francisco, California
location_country = U.S.
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homepage = [http://www.powerset.com www.powerset.com]
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Powerset is a company based in San Francisco, California that is developing a natural language search engine for the Internet. [cite news|title=In Silicon Valley, the Race Is On to Trump Google|first=Miguel|last=Helft|publisher="The New York Times"|date=2007-01-01|url= http://www.nytimes.com/2007/01/01/technology/01search.html?ex=1168232400&en=ad47077c00fe61f4&ei=5099&partner=TOPIXNEWS]

Powerset is working on building a search engine that can find targeted answers to user questions (as opposed to keyword based search). For example, when confronted with a question of the form 'which U.S. state has the highest income tax?', conventional search engines ignore the question and instead do a search on the keywords 'state, income and tax'. Powerset's product, on the other hand, attempts to use natural language processing to understand the nature of the question and then to search and return a subset of the web that contains the answer to the question. If it works, results from Powerset's search engine would have a higher relevance than results from a keyword search engine. From a commercial standpoint, advertising on the results page could also be more relevant and could have a higher revenue potential than that of keyword search engines.Fact|now|date=May 2008

Currently, the company is in the process of "building a natural language search engine that reads and understands every sentence on the Web." [cite web|url=http://blog.powerset.com/2007/9/17/powerset-launches-powerset-labs-at-techcrunch40|title=Powerset Blog: Powerset launches Powerset Labs at TechCrunch40|accessdate=2008-03-04] The company has licensed natural language technology from PARC, the former Xerox Palo Alto Research Center. [cite news|url=http://www.nytimes.com/2007/02/09/technology/09license.html?_r=1&oref=slogin|publisher="The New York Times"|date=2007-02-09|last=Helft|first=Miguel|title=In a Search Refinement, a Chance to Rival Google]

On May 11, 2008, the company unveiled a tool for searching a fixed subset of Wikipedia using conversational phrases rather than keywords. [http://www.nytimes.com/reuters/technology/tech-powerset.html?_r=1&oref=sloginDead link|date=May 2008]

On July 1, 2008, Microsoft signed an agreement to acquire Powerset. [ [http://www.powerset.com/blog/articles/2008/07/01/microsoft-to-acquire-powerset Powerset Blog : Microsoft to Acquire Powerset ] ]

Powerlabs

In a form of beta testing, Powerset opened an online community called Powerlabs on September 17, 2007. "Business Week" said, "The company hopes the site will marshal thousands of people to help build and improve its search engine before it goes public next year." [cite news|url=http://www.businessweek.com/technology/content/sep2007/tc20070917_676790.htm?chan=top+news_top+news+index_businessweek+exclusives |title=Powerset: Move Over, Google|publisher="Business Week"|last=Hof|first=Robert|date=2007-09-17] Said "The New York Times": " [Powerset Labs] goes far beyond the 'alpha' or 'beta' testing involved in most software projects, when users put a new product through rigorous testing to find its flaws. Powerset doesn’t have a product yet, but rather a collection of promising natural language technologies, which are the fruit of years of research at Xerox PARC." [cite news|title=Powerset to Skeptics: Try Us|publisher="The New York Times"|last=Helft|first=Miguel|url=http://bits.blogs.nytimes.com/2007/09/17/powerset-to-skeptics-try-us/|date=2007-09-17]

Powerlabs' initial search results are taken from Wikipedia. [cite web|publisher=SFgate.com "(San Francisco Chronicle)"|url=http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=19&entry_id=20341|title=Power is turned on, a bit, at Powerset|date=2007-09-17]

Founders

Barney Pell

Barney Pell (born March 18, 1968 in Hollywood, California)cite web|url=http://ic.arc.nasa.gov/projects/Executive/team/barney/history.html|title=Barney Pell's Personal History|accessdate=2008-02-16] is founder and CTO of Powerset. Pell received his bachelor of science degree in symbolic systems from Stanford University in 1989, where he graduated Phi Beta Kappa and was a National Merit Scholar. Pell received a Ph.D. in computer science from Cambridge University in 1993, where he was a Marshall Scholar.cite web|url=http://www.barneypell.com/|title=Barney Pell's Weblog|accessdate=2008-02-16] He has worked at NASA, as chief strategist and vice president of business development at StockMaster.com (acquired by Red Herring in March, 2000) and at Whizbang! Labs. Prior to joining Powerset, Pell was an Entrepreneur-in-Residence at Mayfield Fund, a venture capital firm in Silicon Valley.cite web|url=http://www.powerset.com/team|title=Powerset Founders|accessdate=2008-02-16]

Lorenzo Thione

Lorenzo Thione (born in Milan, Italy) is the product architect of Powerset. Prior to joining Powerset, he worked at PARC in natural language processing and related research fields. Thione earned his master's degree in software engineering from the University of Texas at Austin.

Executives

Ronald Kaplan, former manager of research in Natural Language Theory and Technology at PARC, serves as the company's CSO. [ [http://www.powerset.com/press/kaplan Powerset press release, 2007-03-17] ]

Investors

Powerset has attracted a wide range of investors, many of whom have considerable experience in the venture capital field. [ [http://www.powerset.com/press/angel Powerset press release, 2006-11-02] ] The company received $12.5 million in Series A funding during November 2007, co-led by the venture capital firms Foundation Capital and The Founders Fund. [ [http://www.powerset.com/press/seriesa Powerset press release, November 2007] ] [ [http://www.parc.com/about/pressroom/news/2007-02-09-powerset.html PARC press release, 2007] ]

Among the better known investors:

*Esther Dyson, founding chairman of ICANN, founder of the newsletter "Release 1.0" and editor at Cnet
*Peter Thiel, founder and CEO of PayPal
*Luke Nosek, founder of PayPal
*Reid Hoffman, executive vice president of PayPal and founder/CEO of LinkedIn

References

External links

* [http://www.powerset.com Powerset main web site]