Defying the Twitter Ecosystem Curse, Topsy Rakes in $15M More
Topsy Labs, the real-time search engine, has raised $15 million in Series C funding from BlueRun Ventures, Ignition Partners, Founders Fund, Scott Banister and Western Technology Investments. This brings the company to about $30 million in total funding since it was founded in 2006.
The funding is particularly notable because Topsy is part of the much-maligned Twitter ecosystem. The San Francisco-based company’s search index consists of more than eight billion tweets.
Perhaps the only other Twitter ecosystem start-up of Topsy’s magnitude is UberMedia, which has raised some $21 million in VC funding and gobbled up various Twitter clients. Twitter blocked some of the company’s apps for three days last month, saying they violated multiple
Twitter competes with both start-ups, offering its own search site and software clients for various platforms.
Besides running its search site, Topsy also provides analytics tools for marketers and widgets for publishers including IDG Media, The Huffington Post and Discovery Communications. The company brags that its search is super speedy (capable of processing over 1 million documents per second) and smart (ranking results based on social graph analysis, which Google and Bing are only starting to do).