Two New Recommendation Services Recieve Funding
From mashable.com
Goodrec, a new social recommendation engine, has received $900,000 of a desired $1.05 million in funding from their series A round. According to PEHub, the funding for this round included SoftTech VC and Chance Technologies Seed.
Little is known about the company to the general public as it is in locked testing for the moment. What is known is that the service is looking to build a new system for remembering and sharing recommendations. The project is the brainchild of Mihir Shah, a former product manager at Yahoo Search. There is no word when the site will open to a wider testing, or even go public, but we’ll be sure to let you know.
I am not sure what “social recommendation” are, and how this differs from del.icio.us or other bookmarking services. I guess we will have to wait till they open up.
From alarm:clock
Israel’s Jinni has raised $1M in a first round from Start-Up Factory.
Jinni is developing a content search and discovery systems with personalization for consumers to discover movies, TV shows, and online videos. They plan to launch an affiliate program for Internet TV operators as well as to license its solution to global TV operators.
The premise is that consumers all gravitate to Iron Man and other blockbusters because they have a tough time discovering films and TV shows that suit their tastes. Yes and no on this. Consumers gravitate to IronMan because $200M was spent on it and because its nice to talk with others back at work who have seen the same movie. They can easily scan the film section to find other films that may or may not appeal to them but most don’t want to take chances on wasting a precious Friday night on a dud.
Jinni was founded by CEO Yosi Glick who was VP Marketing & BD at Orca Interactive.
There is a lot of competition in this space. It will be interesting to see if they are able to differentiate themselves.
Has either of these companies participated in the Netflix Challenge? If they did and were able to score a decent RMSE they might have something.
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