Tuesday, July 19, 2005

Snap.com Raises $10M

Idealab's newest search engine entrant, Snap.com, has received $10M in venture funding from Mayfield. Existing investor Idealab also participated. Perfect Market Technologies announced that its Snap.com site will use the venture funding for product development initiatives and for operations. Snap.com provides an online search engine weighted towards advertiser "pay per ranking". The search engine uses an interactive search interface similar to another Idealab company, X1 Technologies, allowing users to type in keywords and automatically search for matching terms as users type. The search engine also includes user sorting and filtering of listings and user ranking of results. The company includes a number of executives from Overture Services, the Idealab company purchased by Yahoo. Allen Morgan of Mayfield will join the company's board of directors. More information »

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