Financing
On May 7, 2007, True Knowledge Ltd. announced it would be “actively seeking investments following several years of internally-funded development”. Then, on September 17, 2007, Octopus Ventures, a British venture capitalist firm, announced its investment of more than $1.2 million into True Knowledge, the first significant investment into the company, allowing it to further develop its website and achieve critical milestones towards bringing the True Knowledge Answer Engine to market. On July 30, 2008, True Knowledge announced it had raised another $4 million in a second round of funding from Octopus Ventures and other investors that would be used towards expanding its staff, developing new products, and moving towards a rollout within 12 months.
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