Search engine spinout company awarded innovation prize – Mirage News

A newly created business seeking to revolutionise the way that internet search engines work has become the first recipient of the Blavatnik Prize for Innovation, supported by South West focused venture firm QantX.

Senseful AI, which is pioneering a conceptual form of search engine that does not require specific keywords, has been awarded 25,000 to support its commercial development.

The funding will be used to turn the prototype into an initial market ready product and fund customer trials in the medical research information sector – where it is estimated that failed searches could be costing businesses up to $25,000 per employee per year in lost productivity.

Launched this year by Dr William Short, a Lecturer in Classics at the University of Exeter, Senseful AI draws upon cognitive semantics, computational text analysis, and natural language understanding to remove the need for users to guess the correct words when conducting a search.

“The vast majority of search engines are…

Read Full Story: https://www.miragenews.com/search-engine-spinout-company-awarded-870323/

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source: https://news.oneseocompany.com/2022/10/07/search-engine-spinout-company-awarded-innovation-prize-mirage-news_2022100732494.html

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