Veveo, Inc
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| Private | |
| Industry | Search and Discovery |
| Founded | 2004 |
| Headquarters | Andover, Massachusetts |
|
Key people
|
Murali Aravamudan (Founder and Chief Executive Officer) Ajit Rajasekharan (Founder and Vice President of Technology) |
Overview
Veveo is a provider of semantic technologies that bridge the usability gap in connected devices and applications with intelligent search, discovery and personalization solutions. Veveo’s technology has had more than 100 million deployments worldwide through leading device OEMs and Tier-1 service providers, and 45 million TVs supported by leading pay TV operators in the US and Canada. Veveo was acquired by Rovi on February 25, 2014 for $62 million in cash for the company and its IP at closing, and up to $7 million in additional payments based on certain performance milestones.[1]
Founded in 2004, Veveo’s customers include Comcast, Cablevision, Rogers, AT&T, DirecTV, and Nokia. The venture-backed company is based near Boston, MA and has an intellectual property portfolio of 50 (issued/allowed) patents and 80 filed patent applications.[2]
Technology
Based on the company’s patented Knowledge Graph semantic search platform, Veveo products enable advanced solutions for search, recommendation, discovery and navigation that offer intelligent, intuitive and efficient usability.[3] These technologies further enable the implementation of intelligent conversational interfaces to bridge the gap in usability for connected devices and applications with natural language and speech based interfaces.[4][5]
Veveo’s semantic solutions are designed to deliver rich, hyper-personalized user experiences that anticipate user intent, driving higher engagement, content consumption, and monetization of products and services for device vendors, service providers and enterprises, across platforms of smartphones, tablets, TVs, and set-top boxes.[6]
Conversational Interfaces
Veveo’s developments in natural language processing and understanding enabled dialog-based real-time conversational interfaces to be introduced in late 2012.[7] These interfaces allow connected devices and applications to be used with natural conversational intelligence applied to voice interfaces. As a result, users can talk to devices with normal language and devices can respond back with natural language responses.[8]
Users can communicate with devices in an ongoing dialog wherein devices are aware of ongoing context or change in context and can respond accordingly. Veveo’s conversational interfaces are currently in trials and will be made available first for television and video applications through pay-TV operators and smart TV OEMs. The technology is being further developed for other applications such as mobile assistants, connected automobiles, enterprise and others.
References
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