Llesiant, an Austin-based company that creates vertical search solutions for the enterprise, has raised $4.34M in a Series A financing, according to a regulatory filing. The folks over at peHUB report that the only listed shareholder is the Bureau of National Affairs.
Just when you think you know all the startups in town that are raising money, someone pops up with a solid A round. According to the company website:
Llesiant provides unique solutions that make it easy to discover, analyze, and deliver critical information to your entire organization.
We have no idea what that means, but they are offering a free trial, and they appear to have such organizations as OshKosh, Cushman Wakefield, and Air Products as customers. The executive roster includes Mitch Scherr, who was the first employee at EDGAR Online, Lou Celi the former publisher of the Economist Intelligence Unit, Kim Larsen former co-CEO at Broadwing, and John Morton (CTO) who has worked in the area of theoretical physics.
Llesiant makes an awesome technology; ridiculously lightening fast stored searches, with the flexibility to be organized in a way that makes sense to most corporations on any size where effectivenss and efficiency must be balanced. nGenera’s Don Tapscott talks about 4 cornerstone tenets (in Wikinomics) necessary to make mass collaboration work. Among them is that with a world of formal data and mass of user-generated content comes the need to organize all of this information so that it makes sense to the organization. Llesiant provides a way to do this that I was very impressed with.
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