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Findo Announces Closure of $7 Million Seed Funding Round with Investment and Integration from Foxit

With $7 million in investments, Findo will further develop its unsupervised deep learning technologies and bring Foxit users a semantic search experience to help them increase work productivity with PDF files.

MENLO PARK, Calif., November 21, 2016-- Findo, a smart search assistant, announces a strategic partnership with Foxit, a leading software provider of PDF solutions, which includes a $600,000 investment in Findo and mutual technology integration. This investment is part of a $7 million series seed round along with ABBYY, Flint Capital, and investors from the scanner and document markets.

The integration will give 425 million Foxit users the opportunity to work with PDF files more effectively. Users will be able to classify files by topic, find similar PDF files and compare them, and do a quick file search even if they don't remember the exact keywords or the sender's name. At the same time, Findo users will be able to edit PDF files while using the product.

"We want to provide the best search experience to our customers and value the deep learning technologies that Findo develops," said Steven Li, Foxit's CTO. "PDF is the most widely used document format in the business world today. The main purpose of this partnership is to bring innovative technologies to market and create better solutions for every PDF user."

Every year, the number of searchable items such as PDFs, documents, image files, email, messages, contacts, and notes increases at an unbelievable rate, and is estimated to exceed 10 million searchable items per each knowledgeable person in the next few years.

"The problem with the overwhelming amount of personal data across email, files, folders, and contacts is inevitable, and we believe that only advanced artificial intelligence technology can help people organize this personal-data tsunami," said Gary Fowler, CEO and Co-Founder, Findo.

Currently, Findo supports five main form factors: Web app, mobile app, messenger bot, Chrome/Firefox extension, and the recently added iMessage app where users can easily find and send their emails, files, notes, and contact details. The integration between Findo and Foxit products will support web, cloud, and mobile platforms and is estimated to be completed in 2017.

About Foxit Software:

Foxit is a leading software provider of fast, affordable, and secure PDF solutions. Businesses and consumers increase productivity by using Foxit's cost-effective products to securely work with PDF documents and forms.

Foxit's ConnectedPDF is a breakthrough technology that brings new levels of accountability, collaboration, and productivity to the creation, sharing, and tracking of PDF documents worldwide. Foxit's Software Development Kits (SDKs) help developers reduce costs and improve time to market by easily integrating industry-leading PDF technology into application workflows.

Foxit has over 425 million users and has sold to over 100,000 customers located in more than 200 countries. The company has offices all over the world, including locations in the US, Asia and Europe. For more information, please visit https://www.foxitsoftware.com

About Findo:

Findo is a smart search assistant that works across personal emails, files, images, notes in Gmail, Google Drive, Dropbox, Evernote, Outlook, OneDrive, YahooMail, iCloud Mail (@me.com, @icloud.com), laptops, among others. The system "understands" human-like language and can do a search by description. Findo's latest feature is the iMessage application that was released for iOS 10. Now Findo users can easily find and send their emails, files, notes, and contact details without leaving iMessage.

A Delaware-registered corporation headquartered in Menlo Park, CA, Findo was co-founded by award-winning serial entrepreneurs Dr. David Yang and Gary A. Fowler. The Findo team has 19 engineers, artificial intelligence scientists and managers; two PhDs; and nine filed patents.

For additional information on Findo and the software and technologies it supports, visit www.findo.com

Media Contact:
(206) 519-4884


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