Strands Blog

Is Recommendation Ready for Primetime?

by Strands - June 19, 2007 at 7:16 pm · Filed under Strands

Thanks to everyone! We are receiving great feedback after our recently announced round of financing, these are very exciting times for us! There has been a lot of coverage on the B round, this is some of it:

Peggy Anne Salz over at MSearchGroove asks Is Recommendation Ready For Primetime?

Spanish-American recommendation engine provider MyStrands announced a $25 million funding deal. But the news is not is not so much the money; it’s more the increasing realization that mobile search alone may not be enough. In their quest to match the right content to the right users mobile operators and media companies are looking to recommendation engines to deliver content suggestions with a personal touch.

In MyStrands gets funding boost, Jemima Kiss at The Guardian reports that American-Spanish social networking website MyStrands announced a $25m (£12.6m) funding deal today to develop its recommendation technologies. Science and telecoms specialists Debaeque Venture Capital and technology research firm Sequel R&D have invested in MyStrands, a four-year-old company currently focused on developing and researching recommendation tools around music.

Richard MacManus at Read/WriteWeb asks What Will MyStrands Do With $25M?

Right now MyStrands’ focus is music, but they’re also expanding into other media types – videos, films and websites, and more. With the $25M, they basically plan to utilize their “recommender engine” across all different forms of media. They already have that portability on delivery (mobile, PC, other Internet-connected devices), so now MyStrands is aiming to expand the media types.

Alexandra Berzon at Red Herring, in MyStrands Gets $25M, informs that MyStrands, the Corvallis, Oregon-based media recommendation service, on Monday said it had snagged $25 million from a group of Spanish investors, in a second round of funding. That comes less than a month after CBS bought music recommendation engine Last.fm for $280 million and eBay purchased socialized search recommendation service StumbleUpon for $75 million.