The Goldfire Story


A young Russian’s dream

Valery Tsourikov, a young Russian soon-to-be entrepreneur, is studying to receive his masters in computer science in Minsk. He is intrigued by the concept of artificial intelligence (it’s a hot topic at the time) but knows that the prestigious American universities have already set out to invest in the most notable areas for the technology. Instead, he decides that it would be cool if he could teach a machine to invent things. So, he sets out to do it.


Tsourikov’s first AI success

Almost 10 years later, Tsourikov has something to show for his idea: a program that could invent and test novel mathematical algorithms. He donates 20,000 of these computer created algorithms to the Moscow Electrical Communications University’s Search for Extra-Terrestrial Intelligence program, which helps distinguish communications from background noise.


Invention Machine is born

Tsourikov officially starts his own company in Minsk – Invention Machine – to sell his product, quickly convincing 800 major companies in the Soviet industry to run the program for their businesses.

*The original team, pictured below.


Making it in America

With 5 floppy discs in hand, Tsourikov flies to the big apple, NYC, to see if he can make it in America.
Mid 1990s

Invention Machine continues to grow

A group of angel investors in Boston give Tsourikov the backing he needs to continue his dream, and Invention Machine finally has a chance to grow.
By the end of the decade, Tsourikov sees success. His Boston-based company now has over 200 employees across the US and Europe, and annual sales of more than $10 million.

A change in leadership

As Invention Machine finds success across industries, Mark E. Atkins, an expert in growth and business management, takes interest. He soon takes over Invention Machine from Tsourikov with the intention to fuel its growth and build out the company.


Invention Machine introduces “Goldfire Innovator”, which empowers engineers and scientists to conceive and validate the right ideas the first time, so they can reduce innovation costs and speed time-to-market. Still powered by Invention Machine’s unique semantic research technology, it is the first software to integrate within a single desktop or platform that aids the innovation process in a repeatable, uniform way.



IHS aquires Invention Machine, Goldfire

To better connect knowledge workers to innovation, IHS acquires Invention Machine. The two companies go hand in hand, as both uncover insights in a wealth of internal and external information. Invention Machine’s patented technology allows IHS to better serve engineers by enabling them to turn underlying data into actionable insights, and make better decisions, faster.


Goldfire continues to empower

Since 2012, Goldfire has served businesses around the world, such as NASA, Mondelez, Airbus, Honeywell and more, helping them build smarter, innovate faster, and create a tomorrow we’re proud of. We’re still working, and there’s more story to come, but for now, we’re just lucky enough to be living it.

Meet a few members of our team!

What’s on our minds:

Check out a few pieces that we’re reading, listening to, and thinking about right now.