alarm:clock

Peripherals - Wednesday, May 2, 2007

Stanford Professor Takes $8M From Personal Bank Account Into Indian Hand-writing Recognition Startup

read inc.png
Thomas Binford, Chairman & CTO of Read Ink in Bangalore has put in $8M of his own money so far into his startup, according to a report from BusinessWorld.
.
The 70-year old Stanford professor set up Read Ink in 2002. It works on handwriting recognition and document analysis.

Binford says they are close to signing their first customer. He says his handwriting recognition product is better than other software products on the market. "Current products have an accuracy rate of 80-85%, he suggest, whereas Read Ink will deliver a 5-7% improvement," said Mr. Binford.

Binford.png
Binford with his team.

View - site

Post a comment




Remember Me?


More Recent Articles

ThumbAuctionDrop Bought By ECO International

Saturday July 19, 2008

Along with a lot of other people, we liked the AuctionDrop concept. It's eBay for the rest of us who don't want to wring our hands over getting the best prices for the junk in our garages. Instead you just load up your car and dump it at an AuctionD... Full Story

ThumbDelver Gains Further Funding For Social Search Engine

Saturday July 19, 2008

San Francisco-based Delver has raised $1.75M from Carmel Ventures as an add-on to its Series A funding. Carmel’s prior commitment was $2.25M. Delver launched in January its socially connected search engine, which uses public profiles from social n... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet