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PARC And Powerset Announce Partnership

Monday, February 12, 2007 6:00:00 AM PDT | VentureDeal Staff

PALO ALTO, CAPowerset and the Palo Alto Research Center (PARC) have announced an agreement to collaborate and exclusively license the natural search technology developed by PARC over the last three decades.

The agreement calls for patent licenses and a long-term collaboration agreement with the aim of continuing to refine natural search capabilities of the technology.  Powerset and PARC representatives claim that their technology will fundamentally change the way that humans interact with computers, allowing them to ask questions in natural speech rather than keywords.

PARC is a wholly-owned subsidiary of the Xerox Corporation.  Powerset is privately-held and backed by Foundation Capital and the Founders Fund.

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