Two weeks after Microsoft announced its $1.2 billion acquisition of FAST Search & Transfer, enterprise-search competitor Endeca is getting a $15 million cash infusion from Intel and SAP. This is on top of the $50 million Endeca has already raised in the past few years from Lehman Brothers, Granite Global Ventures, Ampersand Ventures, Bessemer Venture Partners, Venrock Associates and DN Capital.
Boston-based Endeca powers enterprise search for big companies including Borders, Boeing, the Census Bureau, the EPA, Ford, Hallmark, IBM, and Toshiba. The company specializes in guided search, auto-categorizing results based on the keywords someone enters. It is already a substantial company, with 500 employees and a $30 million quarterly revenue run-rate. It was founded in 1999. Update: The company says its full-year 2007 revenues were $108 million, compared to $69 million in 2006. It also says it broke even on profits last year. Endeca is still private, so these are unaudited numbers.