February 11, 2009 3:18 PM
- Text
Sequoia-Backed Searchme Launches With $25 Million
(PaidContent.org)
This story was written by Joseph Weisenthal.
VC firm Sequoia Capital is heavily backing a new search engine dubbed Searchme, to the tune of $25 million, reports Kara at AllThingsD. The site has been incubating at Sequoia for about three years, although there are other investors as well (unidentified in the report.) Searchme will offer a way to scan search queries visuallyso instead of getting a list of links, users will see various screenshots in a manner that closely resembles the way album covers are displayed on the iPhone. The company is helmed by entrepreneur Randy Adams, who was previously CEO of AuctionDrop, as well as a number of other companies, with Sequoia's Mark Kvamme as chairman. The site is still in private beta.
ATD: "We are no Google (NSDQ: GOOG), of course, but we are trying something different to provide a new experience for searchusers," said Adams. "Most of all, we are trying to innovate in search, which is still largely a text and list experience." Adams has a point about the lack of innovation in search over the last several years by leader Google, which continues to grow its market share anyway.
By Joseph Weisenthal
VC firm Sequoia Capital is heavily backing a new search engine dubbed Searchme, to the tune of $25 million, reports Kara at AllThingsD. The site has been incubating at Sequoia for about three years, although there are other investors as well (unidentified in the report.) Searchme will offer a way to scan search queries visuallyso instead of getting a list of links, users will see various screenshots in a manner that closely resembles the way album covers are displayed on the iPhone. The company is helmed by entrepreneur Randy Adams, who was previously CEO of AuctionDrop, as well as a number of other companies, with Sequoia's Mark Kvamme as chairman. The site is still in private beta.
ATD: "We are no Google (NSDQ: GOOG), of course, but we are trying something different to provide a new experience for searchusers," said Adams. "Most of all, we are trying to innovate in search, which is still largely a text and list experience." Adams has a point about the lack of innovation in search over the last several years by leader Google, which continues to grow its market share anyway.
By Joseph Weisenthal
Latest Now in MoneyWatch
- Jill on Money: Retirement investing, allocation, long term care
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- 6 things you should never share on Facebook
Latest CBS News Headlines
on Facebook
on CBS News
- Yes sir! Fashion Week trends going military
- Rag & Bone show: From Brit roots to Asia
- Gerhard Richter retrospective opens in Berlin
- State senator, wife attacked at western NY casino
on Facebook
- Adele sings a cappella for Anderson Cooper
- Occupy protestors kicked out of CPAC
- CPAC: Will Sarah Palin spring a surprise?
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
on CBS News






