European Google Competitor Gets $165 Million in Funding

Jul 25, 2007 • 9:36 am | comments (1) by twitter | Filed Under Other Search Engines
 

Last Friday, TechCrunch announced that Theseus has been given $165 million in funding to build a multimedia search engine.

Theseus, a German based project that is aiming to develop “the world’s most advanced multimedia search engine for the next-generation Internet.” will received a cash injection of $165 million from the German Government, under approval by the EU.

That's a lot of money, says DigitalPoint Forums member zman. Could it be a European Google killer?

Not really, says one.

Google is GREAT in normal search, but in multimedia and other vertical search, google is already pathetic. So those german guys won't have to kill the multimedia search business of Google afterall. It is not even alive. Look at google images, or froogle.. They should be killing like.com and not google.

Many users hope that Theseus will change its name, because http://theseus-programm.de/ is bad for branding. Google's 6 letter word that is used in conversation on a regular basis is something that everyone recognizes. This sentiment is defended by users who feel that it's only a development website and will not be the final destination for the search engine.

Forum discussion continues at DigitalPoint Forums.

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Comments:

Gids

07/25/2007 03:17 pm

I'm glad I'm not a German tax payer. $165m from government to large German companies to solve a non-existent problem. I wonder what ROI the tax payers get?

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