Internet search engines
© Shutterstock nuotr.

Lithuanian company NFQ Technologies, which has created a unique meta search engine which is said to be more effective than Google, has received a $20 million venture capital investment.

US private equity and venture capital giant Insight Venture Partners, along with A series investors DN Capital and Acton Capital Partners invested in the company.

NFQ brands itself as the “entrepreneurs behind the entrepreneurs” delivering company-building services including strategy, engineering, operational scaling, recruiting, business development, product delivery, and product marketing.

It has worked with leading internet search and travel companies including kayak.com and hometogo.com.

One of the most advanced solutions the Lithuanian company has developed is an artificial intelligence-based system which analyses housing photos and allows users to identify the same apartments in different systems.

“Our technological solutions get us results approximately three times quicker than our main rivals – with each result appearing within a few milliseconds,” said the head of NFQ Technologies Paulius Insoda.

320 kg of drugs busted in Lithuania and Latvia during international operation

A shipment of 320 kilos of drugs has been seized during an international operation in Lithuania's...

Nauseda criticizes transport minister's 'chaotic' performance (1)

Lithuanian President Gitanas Nauseda has says he has a negative opinion about Jaroslav Narkevic 's...

President adviser: Nauseda won't cross red lines opening dialogue with Belarus (1)

Lithuanian President Gitanas Nauseda is open to a dialogue with Belarus but will not cross the red...

American author writing on Holocaust: past serves as a warning how things can go between nations (1)

From Facebook to Donald Trump's impeachment. American author Timothy David Snyder who specializes in...

President's aide: Russia was very keen to swap 'spies' (1)

Russia agreed to release a Norwegian national along with two Lithuanians as part of the recent " spy...