Word: clearforest
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...reportedly pumped more than $100 million into WebFountain. To date, the market has been dominated by a handful of small companies like ClearForest, Inxight and Intelliseek. Over the next year, Big Blue aims to roll out a flurry of new Web-scale information-discovery services. While IBM is closemouthed about specifics, the intelligence community is among the hungriest customers of such advanced, large-scale text analytics. The CIA's venture-funding arm, for example, has invested one-third of its $30 million portfolio in data mining and text/visual analytic companies like Inxight. When it comes to tracking terrorist threats, says...
...data-mining algorithms of ClearForest, based in New York City, are at work within both Israeli security agencies and NASDAQ. Israel uses them to drill for hidden connections among suspected terrorists: say, a pattern of phone calls shortly before each of several suicide bombings. NASDAQ uses the same software to detect block trades of stock quietly placed just before the release of company news--including sales by relatives of ImClone's founder, Sam Waksal, who this fall pleaded guilty to insider-trading charges, and his friend Martha Stewart, who remains under investigation (and has denied any wrongdoing...
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