Semantic search engine Evri cuts staff by 25 percent

Evri, the search engine that lets you track keyword results across the web, confirmed today that it has cut its staff by 25 percent to better weather the economic downturn. Chief executive Neil Roseman says the Seattle-based company is doing well, having recently landed two major partnerships, but that it’s necessary to trim costs in case the market slumps further.

“We’re in a tough market, and we want to be prudent for our investors,” he says. “It makes sense to make sure you’re giving yourself the best possible chance to succeed.” Roseman declined to specify how many employees lost their jobs.

Roseman says the company is pleased with its traction and progress, drawing more than 20 million monthly users. Earlier this week, it announced that it has teamed up with the Times of London to provide a content recommendation service on the newspaper’s web site. For every Times article, an Evri widget appears in the sidebar, listing links to associated articles from across the web. The company announced a similar deal with the Washington Post just last month.

Evri — which competes with similar search services Ensembli, Daylife and Mahalo — also just launched a new “Collections” feature at DEMO earlier this month. Collections allows the search engine’s users to automatically track certain keywords as more and more relevant articles, images and videos are added. It displays all of this material, including items about related concepts, in the form of a feed.

Evri was founded in 2007 and has raised $8 million in one round of funding from Paul Allen’s Vulcan Capital.

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