Google-jilted Olive Software gets $5 million for XML software
Olive Software appears to have survived a tough rejection by Google last year.
The Santa Clara, Calif. company helps transfer off-line content into a format which Google can search. It converts PDF documents, microfilm and any other files to XML. Google courted the company aggressively, and did so much analysis of the company’s technology that some at the company felt violated when Google abandoned it at the altar.
However, Olive has just gotten new funding, $5 million in debt from BlueCrest Capital Finance of London, VentureWire reports (sub required).
Comments on our original story were divided about whether Olive’s technology is any good.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
