Yactraq Founder and CEO, Jeh Daruvala said, “Back to back achievements like this are a tremendous validation of our video content monetization technology, and a great way to recognize the hard work of our team. Our goal is to set new standards in making audiovisual content more searchable and usable. Winning TiE50 and being selected for SVForum’s Launch in the face of such intense competition tells us that our approach is relevant, valuable, and has huge potential in a rapidly emerging market sector.”
Speaking to a global audience at the awards ceremony during TiEcon 2013, the conference Chairman and President of TiE Silicon Valley, Mr. Venkatesh Shukla said that “the TiE50 program screened 1142 companies from 24 countries and 50 best-of-breed companies were announced winners.”
“Over the past four years, the TiE50 program gained global acclaim attracting startups from all over the world. TiE50 as a brand has gained much recognition amongst the VC and Angel communities – particularly in the Silicon Valley. About 110 finalists and winners had successful exits,” said Program Chair Ram K. Reddy.
Yactraq was founded in 2010 by veterans with collectively over 40 years of experience in telecom, video, broadcast, and pattern recognition technologies. Yactraq makes it easier than ever before to index and monetize audiovisual content. The company’s patent-pending Speech2Topics cloud-based solution significantly enhances video content discovery (search, navigation and recommendation), targeted advertising, and content analytics. Speech2Topics has been deployed with live production customers such as DAR.FM. Yactraq was named a CIX Top 20 Winner in 2012 as one of ‘Canada’s hottest innovative companies’. Yactraq is based in British Columbia with offices in Silicon Valley. For more information visit http://www.yactraq.com.
TiE50 is TiE Silicon Valley’s premier annual awards program keenly contested by thousands of technology startups worldwide. Awards are announced at TiEcon, the world’s largest conference for entrepreneurs. TiE is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking and education for technology entrepreneurs worldwide. Our global network of 54 chapters located in most major North American, Asian and European countries and cities with more than 14,000 members across 13 countries. For more information visithttp://www.tie50.net/TiE50Awards/.