hakia.com Raises Total Funding to $21 Million
New investment will drive building of Semantic Advertising Platform and European datacenter
NEW YORK, NEW YORK, -- January 7, 2008 - hakia.com, the Web's new meaning-based search engine, announced today that it has raised $5 million investment from Prokom Investments S.A., a current shareholder. This transaction raises the total of all shareholder investment capital in hakia to $21 million. The new funds will be instrumental to hakia.com as it builds a semantic advertising platform and a European datacenter.
According to Dr. Riza Berkan, founder and CEO of hakia, "We understand the responsibility of each investment and hakia.com's role in driving search to the next level. We are nearing the end of our first development stage and will use this investment to build our semantic advertising platform."
Added Ryszard Krauze, CEO of Prokom Investments S.A., "Dr. Riza Berkan, and the team at hakia.com, are driving Web search to a new level. The task is arduous, but, we have seen that this team is pushing the search industry to its next level. We look forward to being a part of their success."
In addition to Prokom Investments S.A., hakia's institutional investors include Prokom Software S.A.; Noble Grossart Investments Limited: a subsidiary of Noble Grossart Limited; Alexandra Investment Management: an SEC-registered investment adviser; KVK: the largest distributor of mobile telecommunication services and products in Turkey.
Some private investors include Dr. Pentti Kouri, who is also a co-founder, a New York-based economist and venture capitalist; Lu Pat Ng, representing his family from Malaysia who has substantial investments worldwide. Murat Vargi; one of the founding shareholders of Turkcell, the leading GSM operator of Turkey and the only NYSE-listed Turkish company.
The hakia board of directors includes Dr. Riza C. Berkan, CEO & Co-Founder; Bill Bradley, former U.S. Senator; John Gryzmala; Dr. Pentti Kouri, Chairman of the Board & Co-Founder; Anuj Mathur, Alexandra Investment Management; Ryszard Krauze, Prokom Investments; and Murat Vargi.
hakia has developed the Web's new meaning-based search engine, utilizing a radically new infrastructure designed to deliver the most relevant search results. Founded in 2004, the company is privately held and based in New York City. Go to http://www.hakia.com.
About Prokom Investments S.A.
Prokom Investments S.A. is Poland's major private equity fund which operates globally, comprising several dozen enterprises. Established in 1997, the company concentrates its activities on IT, biotechnology, real estate, construction, and the oil industry.