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"Topicmarks, a startup that uses semantic text technology to extract the most important information from any document, is raising $700,000 in seed funding from qualified investors in a round led by Mint.com founder Aaron Patzer, Mashable has learned.\nPatzer, who sold Mint.com to Intuit for $170 million last year, is very smitten with the company. \"These guys have tech developed over the last three years, a team of strong engineers, deals in place with Evernote and ShareVault already,\" Patzer wrote on AngelList. \"Also, I've done a dive into the algorithms behind the system, which are impressive and being patented.\"\nWe believe this is the first time Patzer has led a funding round.  He has existing investments in Milo.com and HealthTap.\nTopicmarks has developed a technology that reads the text of uploaded documents, analyzes them, and essentially creates a CliffsNotes version of them, complete with a summary, key points, keywords and the most important facts.  The startup's technology can read almost any form of text for analysis, so while its focused on documents today, it could potentially be used to distill the important information from RSS feeds, social streams and overflowing inboxes in the near future.\nThe technology is shockingly accurate.  Here's one anecdote about the service from our previous article about the company:\n\"Interestingly enough, the technology is already proving popular with students and teachers, though a few in the latter group have e-mailed to complain that their students are \u201Ccheating\u201D with the help of Topicmarks. Siebelink tells the story of a disgruntled teacher who awarded one sneaky student with the highest mark on a class assignment, only to later discover that the summary had been copied word for word from Topicmarks.\"\nCheck out Topicmarks's winning pitch at the Founder Showcase (where, interestingly enough, Patzer was a judge) to learn more:\n\n\n\n"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2011/03/17/topicmarks-aaron-patzer-funding/>