X1 Discovery Secures Backing From Investors

Pasadena-based X1 Discovery, the developer of enterprise e-discovery and search tools, has some new funding in hand, and has been ramping its efforts in the market. In a blog post Wednesday, CEO John Patzakis said that X1 hasd recently "enjoyed the support" of a number of investors, who have enabled the company to double down on its support of current customers and focus on development of its next generation search and discovery software. No other details of the investor backing were announced by the company. X1 Discovery is one of the companies out of Idealab. X1 Discovery recently released a brand new release of its X1 desktop search software, X1 Search 8.