ExeCue, Inc.

After bootstrapping their effort to build a pioneering semantic search engine, ExeCue’s team was ready to ramp up product development and marketing and needed to locate the company’s first institutional investor. Seeking a credible early-stage investor, ExeCue CEO Shree Pragada had to look no further than CI.

ExeCue’s ground-breaking technology and impressive customer list, which included two Fortune 100 companies, captured CI’s attention, as did the company’s efforts to seek out valuable partners. ExeCue had begun negotiating potential partnership arrangements with leading business intelligence vendors and established system integrators. Customers and other market leaders were clearly recognizing the value that ExeCue’s technology could bring them in navigating the rising tide of digital information.

ExeCue’s search platform, based on concepts of artificial intelligence, helps business users retrieve relevant, meaning-based results from both structured databases and unstructured repositories, such as email and file systems. Beginning with natural language or keyword questions from the user, the technology rapidly and seamlessly searches digital information and – in seconds – produces reports containing a narrow field of highly relevant results, not thousands of partially relevant hits.

Confident that ExeCue would continue to excel, CI invested $1 million in the company as part of a Series A round. However, CI delivered more than just funding. CI made valuable introductions – to a Connecticut-based venture capital firm that subsequently co-invested in the Series A round and to a Fortune 100 company that is now evaluating ExeCue’s product and may become its newest customer.

CI’s investment was instrumental in moving the company from Tarrytown, New York, to Stamford, Connecticut.

www.execue.com