Blog search engine Technorati tops off with $11.52 million
Technorati Inc., the San Francisco company that offers a blog search engine and other services, has raised another $1 million, but still has not articulated a clear strategy.
The latest capital adds to the existing $10.52 million already raised as part of its third round of financing, started last June.
DG Incubation, operator of Technorati Japan, is listed as a new shareholder, alongside existing backers Draper Fisher Jurvetson and Mobius Venture Capital, according to PE Wire, which referenced the filing. VentureBeat hasn’t confirmed this.
Technorati continues its search for a chief executive, and has also appeared unfocused lately (see our recent coverage; scroll down). While its traffic appears to be growing, its search tools have remained somewhat weak, even as upstarts like Sphere improve their blog searches.
Spehere recently started offering better visuals of blog stories, and related content, for example. Take a look a the screenshot below. In this example, VentureBeat is part of the “technology” coverage. As you scroll through Sphere’s headlines, a fuller summary of the story pops up along side. To the far right is related content to the story you’re looking at.
Technorati has now raised more than $15 million.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
