30 Sep '11, 11pm

From Russia With Love: Yandex Invests $15 Million in Blekko

Yandex just invested $15 million in search engine 'upstart', Blekko. In a fourth round of funding, Blekko raised a total of $30 million from new investors Yandex and MLC Private Equity, and current investors CMEA Capital, U.S. Venture Partners and Pivot North Capital. This latest round doubles the total figure invested in Blekko since the company was founded in 2007. Rich Skrenta , CEO of Blekko, told Search Engine Watch that Yandex has joined as a strategic investor meaning that they may provide resources to the developing search engine. Yandex's 3000 strong workforce and pool of talented engineers could prove to be valuable support to the significantly smaller team of 27 at Blekko. Yandex's founder and CEO, Arkady Volozh , joins the Blekko board and will be able to impart some of his 20 years of experience in building a profitable search engine, who's expertise cannot be...

Full article: http://searchenginewatch.com/article/2113699/From-Russia-...

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