Monday, March 14, 2005
Gigablast values itself at $34million
Gigablast is not in the big league of search engines, certainly in terms of public awareness and number of queries served, though its index size of 1.5 billion pages is very respectable, up from just 0.5 billion 6 months ago.
In an effort to further fund its expansion, it is looking for venture capital funding, offering 25% of the company for $8.5 million USD. That's a high valuation for a company that until very recently consisted of just Matt Wells, though perhaps there are hidden depths that the website does not show. Certainly Gigablast has some features (such as searching generic metatags) that make it one of my favorite search engines, and it has a refreshingly different approach from the current big boys.
In an effort to further fund its expansion, it is looking for venture capital funding, offering 25% of the company for $8.5 million USD. That's a high valuation for a company that until very recently consisted of just Matt Wells, though perhaps there are hidden depths that the website does not show. Certainly Gigablast has some features (such as searching generic metatags) that make it one of my favorite search engines, and it has a refreshingly different approach from the current big boys.
# posted by zmarties @ 3/14/2005 12:26:00 am 
