Conduit is a company that lets Web site owners and bloggers build a customizable toolbar for their visitors, and it says it is growing quickly.
We wrote about the company last year. It boasts 12 million sites using its toolbar. Today, the Israeli-Redwood Shores, Calif. company lets Web surfers find toolbars with preloaded groups, for example of top tech blogs, including ours.
It also lets you search for any of the toolbars, on a network called MyConduit. Once you’ve downloaded one, you can then add others to a drop-down menu without a separate download. This lets you use the toolbar of your favorite site, but also subscribe to countless others, which you can then carry around with you latently — accessing them from the pull-down menu. VentureBeat’s toolbar can be found here.
The company raised $2 million last year, and is now looking to raise another round of capital. It says it is profitable (cash-flow positive), and is now nearing $10 million in revenue a year — which is striking. It relies solely on ad revenue it shares with Google by letting that company power the search on the toolbar. See a shortened version of our toolbar above, and longer one below (shrunk)
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