Sunday, November 05, 2006

Powerset Update

Powerset, the natural language search start up I mentioned on a previous post, has raised some money. $12.5 million, to be exact, from Foundation Capital ($7m), The Founders Fund ($3m), and some pretty studly angel investors ($2.5m combined), as VentureBeat reported just a few minutes ago.

The kicker, though, is that they got a $31 million pre and $42.5 million post valuation. Wow. Google just may be in trouble if these guys can do what they say they can do.

Stay tuned, this could be the beginning of an epic battle...
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