Blekko Announces Investment from Yandex
Search engine Blekko announced that Yandex(NASDAQ:YNDX) will make a strategic investment in the Silicon Valley search start-up.
Additonal investors in the $30 million funding round were Australian investor, MLC Private Equity and existing investors U.S. Venture Partners, CMEA and PivotNorth Capital.
Arkady Volozh, Principal Founder and CEO of Yandex, said, "Blekko's top tier technology and fresh product approach has enabled it to sustain growth since it launched, something no other U.S. search start up has been able to accomplish in more than a decade. We love blekko and think it's a great product -- a quality search engine that organically combines search algorithms with expert opinions. We believe the outlook for this approach is strong and that the blekko team is poised to make it a success."
