OneRiot, the real-time search engine, has just announced a new $7 million Series C funding round led by Appian Ventures, Commonwealth Capital Ventures, and Spark Capital. The company blog has just posted more information.
While the real-time search space is particularly hot at the moment, OneRiot has been focusing on opening up and expanding its APIs to allow others to tap into its data. Partners include Yahoo and Microsoft, who of course, will also soon be much closer in the search space. Meanwhile, search titan Google is said to be very interested in the real-time space and is exploring its own way of doing things. And then of course there is Twitter which currently offers search based on its Summize acquisition, but is also said to have something bigger in the works.
Much of the Twitter Search expansion talk revolves around looking at the link data (something which Twitter was apparently doing the other day before it pulled the test down). That also happens to be what OneRiot specializes in, scouring the real-time space, crawling for links, rather than simply status updates. But they’re also clearly aware of the power of Twitter in the real-time space, as they recently launched a RiotFeeds product that breaks down links from Twitter into different categories.
The company last raised a large $15 million round in the summer of 2007, before it was even known as OneRiot. Back then, it was known as Me.dium, and was more of a StumbleUpon-type product. This new round brings the company’s total funding to $27 million over three rounds. This new money will be used to improve three key area of the service: Speed, scale and relevance, we’re told.
OneRiot’s CEO is Kimbal Musk, Elon Musk’s younger brother.
Isn’t Google developing and ready to launch Realtime Hub?
Everyone is. I think the ones that are able to place real time results within a larger context like Yauba and Google will ultimately dominate this space.
Compare a purely real time result to a Yauba result that puts everything in context
http://au.yauba...&target=all
to just a real time search on twitter or oneriot … it just does not compare
Charlene Bi
Spammer! Get away from here .. If you want to pitch Yauba, go pitch elsewhere.
Wow, $7m is huge for a real-time search company. I wonder if so much money is required for such a company. I know few companies in the same space that haven’t raised any money or possibly in the lower hundred thousands that are equally doing better or I would say far better than oneRiot. My favorite in this space is still http://www.boilingpage.com. And their other verticals like http://movies.boilingpage.com, http://music.boilingpage.com, etc
Congrats!!!
You posted an article about OneRiot’s round C funding…. To bad you spent more time in the article talking about twitter than you did OneRiot…
How can a company like this get 7 mil? Go to their site, enter “350.org” and you get a “Oops! No results found”. Now go to Twitter, enter “350.org” and you get several results per minute. How is this a real-time search engine? I’m speechless.
Congrats OneRiot Team!
The site looks great and promising… with this new round, they can get much stronger in this space!
@sriray
http://www.arktan.com
http://www.mytweetopics.com
Twitter’s rate of innovation sucks. Since I’ve been on the service they’ve changed their homepage. Huge effort, well done guys. I really hope they find native value in their service soon as otherwise they’ll resort to banner ads or something dumb like that, then we’ll all have to leave.
make sense of realtime? with a domain name that makes no sense?
Congratulations to OneRiot – I hope you can take the lead in the race for real time search! It will be an interesting show to watch for sure.
all i see is twitter results…what is the value this product bringing other than searching twitter and showing them….isn’t twitter doing same, and every other search engine will index all these real time tweets/feeds
hi Sam, i work at OneRiot. Twitter is no doubt an important data feed for us, but it makes up a fraction of our realtime data sources. If you are interested in learning more, we’ve got a (mercifully short) white paper at http://bit.ly/WhitePaper which explains what we’re doing in a bit more detail. Or hit us up @oneriot – we’re very happy to answer any questions you might have
Sounds like a bunch of folks with no idea. Going from stumbleupon product when stumble was hot now twitter is flavour of the month they change to that.
Deadpool within a year
Some searches are better when you look into a stale archive rather than real time search.
what is the business model of real time search? with regular search, if you’re searching for sandals, and you see sandals on an ad, then you’ll likely click that ad. but real time is all about searching for opinions, like what are people on twitter saying about what oprah said, or whatever. how can you make money with that? i’m not being sardonic, just honestly wondering where the revenue potential is.
It’s amazing they can blow $15 million on a browser sidebar that’s deadpooled in less than a year and still be pulling in new rounds. I guess there’s some real benefits to being Elon’s little brother.
Line Spout real time search has solved the crucial problem of relevancy in this noisy and spammy space – and with no external funding. And it has a targeted ad platform Ad Spout (currently free for all advertisers) to get to a sustainable business model. Try it at http://www.linespout.com.
It’s search ability seems pretty useless to me: http://www.oner...;st=web&ot=