Intel and SAP Put $15 Million Into Enterprise-Search Company Endeca

Erick Schonfeld

Erick Schonfeld is a technology journalist and the executive producer of DEMO. He is also a partner at bMuse, a product incubator in New York City. Schonfeld is the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily... → Learn More

Wednesday, January 23rd, 2008

endeca-logo.pngTwo 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.

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