iPhrase Talks Up V.C.s

Monday Jul 2nd 2001 by boston.internet.com Staff
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The Cambridge, Mass., maker of customer service software, will use the new backing for corporate growth and product enhancements.

iPhrase Technologies, a Cambridge, Mass., a maker of software that allows users to pose questions in plain English , has raised $25 million in financing to fund company growth and product enhancements.

The round was led by Reed Elsevier Ventures and includes new investors TD Capital Technology Ventures and RSA Ventures, as well as existing investors Charles River Ventures, Greylock, and Sequoia Capital.

"This round of funding represents another important validation for the power of our solutions and our business model, which are enabling iPhrase to create a truly great enterprise software company," said Noam Ben-Ozer, CEO and co-founder of iPhrase.

iPhrase's technology interprets a user's question, queries all relevant data sources and dynamically presents a specific, tailored response in one step. Customers include Charles Schwab and CNET Networks.

The company is privately held. In addition to its Cambridge headquarters, it has an office in San Mateo, Calif.

Reprinted from boston.internet.com.

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