Through a variety of sources we’ve confirmed that Technorati is making plans for a major shift in it’s going forward strategy, and is also considering a number of corporate development transactions.
First, they’ve been pitching venture capitalists on another round of financing. That’s not surprising - their last round, $10.5 million, was in June 2006. The company has raised a total of just over $20 million, and given that they have 25 employees, it’s time for another round. But we’ve also heard that they’ve hired Montgomery & Co. to shop the company to buyers, simultaneous to their funding pitches.
What’s more interesting, though is what we’re hearing on the produ ...
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