US-based phone operator Verizon Communications’ corporate venturing unit, Verizon Ventures, has invested in Q-Sensei Corp, a developer of search technology. There was also involvement from previous backers, the private equity and venture capital arm of Germany’s Thüringer Aufbaubank, b-mt and certain private angel investors.
Q-Sensei has also appointed Dr. Richard Nottenburg, former chief executive of Sonus Networks and chief strategy officer of Motorola Solutions, to its board.
Ute Rother, chief executive at Q-Sensei, said: “We are setting forth on a new stage of growth and development and we are excited to have the strategic backing of Verizon Ventures, also, Dr. Nottenburg ‘s broad expertise in guiding innovative technology companies and his depth of influence across multiple industries strengthen our plans to address businesses’ information-search needs in numerous sectors.”
To date, Q-Sensei has raised $5.1m in Ventures funding, $1.4m in Seed funding in 2007 and $3.7m in two tranches on Series A financing.
Q-Sensei Corp. was formed in 2007 out of the merger of the German-based social knowledge network Lalisio and the American search specialist QUASM.