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High-tech startup moves to St. Louis from Costa Rica

The startup simMachines is relocating its headquarters to St. Louis from Costa Rica after receiving funding from Arch Grants, the global business plan competition providing $50,000 grants to startups and taking no equity in return.
The startup is working on search engine technology that allows companies to retrieve similar objects in a database with software like that used in fingerprint searches or music recognition found in cell phones.
Located in the T-REx shared workspace in downtown St. Louis, simMachines plans to hire up to 10 people, including a co-founder, by the end of 2013.

[The Saint Louis American]