A software company with an Idaho presence is expanding its operations thanks to an influx of cash. Palo Alto-based Declara announced a new $16 million investment Wednesday.
The company’s Boise office of 10 developers will double because of that, a spokesman says. It also plans to expand its offices in California and Mexico.
Declara was founded in 2012. It makes something that’s a little like the offspring of a social network and a search engine. The software is meant to help people in large organizations find information and collaborate.
The Wall Street Journal described it this way:
“It bills itself as a ‘social learning platform’ that helps people search through vast amounts of content when they aren’t exactly sure what they’re looking for — but want to expand their knowledge in ways that they can loosely describe.” - WSJ.com
Bloomberg Businessweek had this take:
"It’s a type of social network that links everyone in a company or an organization. With the help of algorithms ………….Declara’s system learns how people interact, what types of questions they’re looking to answer, and who can best answer them." - Bloomberg Businessweek
Its main clients are in the education sector in Mexico, Australia and Chile. They include Mexico’s million-and-a-half member teachers' union and an organization that provides training for all of Australia’s public school teachers.
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