MOUNTAIN VIEW, Calif. - May 22, 2006 - Kosmix today announced that it has been selected as a winner of the annual "Red Herring 100 North America" award by Red Herring magazine. This list of 100 privately held companies in North America recognizes those that play a leading role in innovating the technology business. To view the full list, please visit www.redherring.com.
As one of the winners, Kosmix founders Venky Harinarayan and Anand Rajaraman will present the company at the exclusive Red Herring Spring 2007 CEO summit, May 23-25 in Monterey, California, where a select group of 300 technology entrepreneurs, investors, and corporate developers will gather to be the first to meet this next wave of disruptive technology companies.
"With venture capital flowing again, we're seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans," said Joel Dreyfuss, Editor-in-Chief of Red Herring. The Red Herring 100 North America companies, among them Kosmix, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories."
"Kosmix is proud to be part of this distinctive list of companies," said Venky Harinarayan, founder of Kosmix. "Kosmix is delivering the first major innovation in web search technology in years. Our goal is to use this revolutionary new technology to help people find better results while spending less time searching. We're delighted to be included with this group of innovative companies."Red Herring's lists of top private companies are an important part of the renowned magazine's tradition of identifying new and innovative technology firms and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as some that would change the way we live and work.
After receiving more than 1,000 submissions and nominations, Red Herring's editorial staff rigorously evaluated Kosmix and the other contenders through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. The Red Herring 100 North America companies are at the forefront of the technologies that are changing our lives in profound ways.
To honor the Red Herring 100 companies, Red Herring has invited their CEOs and founders to present at its Red Herring Spring 2007 conference, a forum for technology's most exciting companies, and to share their insights on the future of innovation and the entrepreneurial journey. Scheduled to take place at the Hyatt Regency Hotel in Monterey, this intimate, invitation-only conference will explore "The Pursuit of Disruption" and how it spawns unexpected opportunities, novel alliances, and great success stories.
Kosmix has created a fundamentally new approach to search based on the development of patent-pending algorithms and technology that present a multi-dimensional view of relevant search results. The company was founded in 2004 by Venky Harinarayan and Anand Rajaraman, who also co-founded Junglee, a provider of database technology for helping consumers find products on the Internet, which was acquired by Amazon in 1998. Kosmix has filed more than 10 patents and has indexed more than 3.2 billion URLs and counting. Based in Mountain View, Calif., Kosmix is privately funded.
Red Herring Spring 2007 will assemble 300 of the continent's most innovative and successful CEOs, investors, and corporate developers and feature a dynamic group of over 100 speakers that are pushing and breaking the boundaries of the business of technology. Themed "The Pursuit of Disruption," it will be held May 23-25 in Monterey, California. Please contact Michael Felber at 650.428.2900 or email mfelber@redherring.com to request an invitation to attend the event. More information is available online at www.herringevents.com/rhspring06.
Red Herring magazine is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring's journalists report on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
Kosmix Media Contact
Tina Nanez
(650) 938-2300
media@kosmix.com