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.