Sphere, a San Francisco- search engine company that specializes in searching blogs, for relevant information has closed a $3.75 million in fresh capital from Hearst Publishing, Trident Capital and About.com founder Scott Kurnit. Sphere, had raised $500,000 in seed capital from Radar Partners , Will Hearst, True Ventures and other angels back in April 2005. All seed round investors participated in what is said to be an up round. I believe the company is getting ready for official launch.
The company clearly is going to need the cash – it is competing against blog search services from Google and Yahoo amongst others. The company was co-founded by Tony Conrad, Martin Remy and Steve Nieker, who had developed the Waypath service. Since then, Victoria Bianchini who ran the guide program at About.com has joined the company and has about seven employees. I had previewed the service back in October 2005, and I still find their search, well relevant. Mike has a more in-depth and fresher review.