THE COMPANY HAS INVESTED TWO MILLION NIS IN CORRIGON

Corrigon, which has developed unique real time visual search technology, has recently closed an initial funding agreement with Lab-One Innovations for the sum of 2 million NIS and is expected to soon raise additional funds.

Corrigon develops a solution which enables monitoring, search and protection of rich content (images and video files) on the Internet. The system is able to identify matching content even when the original content is cut out, processed or otherwise altered. The solution uses advanced algorithms and systems for fast processing of rich content and images.

Corrigon supplies content owners with information regarding the users of and the use made on the content.

Corrigon is led by a highly experienced professional team, including Avinoam Omer, CEO and co-founder, graduate of the Technological Department of the IDF Intelligence Unit, and former CEO of Zoomix which was recently acquired by Microsoft, and Einav Itamar, Technological Director and co-founder, a software engineer with extensive experience, who managed development teams in Microsoft and Intel.

Avinoam Omer, CEO of Corrigon, noted that: "We approached Lab-One for our seed investment because of the focus offered by the incubator, the added-value and the professional advice which can alleviate the difficult process for start-ups seeking to make their way into the world.

Up until now, the search engines which enable visual searches did not supply a real solution to the problem, primarily because of the large amount of time needed to carry out a web search. The search engine developed by Corrigon answers this need, and its great advantage lies in the fact that it allows the location of identical or similar images on the web, in real time. The technology developed by the company creates a "fingerprint" for each and every image which can be used to conduct a swift and efficient search".

Uri Weinheber, CEO of Lab-One stated that: "Corrigon joins the rich portfolio of Lab-One Innovations. We are certain that the field of visual search, which until now has not produced rapid results in real time, will shortly achieve considerable weight. Corrigon has a unique quality solution which can become a world standard in a very short time."

About Lab-One

Lab-One has been active since 2003 as one of the leading investors in Israel in seed and pre-seed funding of technological companies.

In addition to monetary investments, Lab-One invests in promising ventures in telecom technology and software, and provides strategic and managerial guidance and direction.

Lab-One offers true partnership to its portfolio companies and unique support by a managerial group whose members are experienced and professional in their field, and who provide continuous guidance to the venture at every stage of its activities.

Working alongside the Lab-One management group is an advisory board whose members include senior figures in the communication and IT industry.

Lab-One is constantly looking for good ideas, leading entrepreneurs and promising ventures in order to build together new, leading and successful companies.