Technology in use - Semantic technology, machine learning algorithms, complex pattern recognition , data structuring and data mining techniques, handcrafted linguistic grammar-based techniques as well as statistical models that produce near-human performance. They have applied for 3 patents with the USPTO (United States Patent and Trademark Office).
Revenue model: Nachofoto licenses their technology to search and digital media companies. News about a fruitful partnership with one of the top search engines is in the offing.
Competitors: Search technology companies like Google, Bing, Yahoo.
Market differentiator: The focus is on a specific vertical of search. Existing technology makes use of users searching pattern and user search logs to detect what’s trending on the web. In contrast, they use fresh content available on the web to detect most interesting topics/trends on the web. Nachofoto image search product surfaces most recent/latest and popular images from the web.
Jubin Mehta | YourStory.in
Want to make your startup journey smooth? YS Education brings a comprehensive Funding Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.