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Truveo exits for $50 million
Filed in archive Venture Capital by tj on January 11, 2006
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Apparently video search specialist Truveo has managed to exit for a nice sum of $50 million. SiliconBeat has the scoop:

"Wow, you can launch a start-up these days, and in two years sell it for a pretty nifty sum.

Truveo, the Burlingame start-up that was launched in January 2004, has been sold to AOL. We've heard from a pretty good source that it was $50 million.

Looks like they came up with some new technology, which collects so-called "metadata' for video files. This makes it easier for users to search for such files (see snippet below from Truveo's site). The technology might be their differentiation, and probably explains their success. So this will break open the debate: Is the sale amount evidence of bubble, or a just a premium price paid for Good Technology?"


Permalink: Truveo exits for $50 million
Tags: video  search  million  truveo  technology  exits+million  truveo+exits  venture+capital 
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