A ‘secret’ search engine has just raised over $2.5 million in funding from investors in the United States.
Launched in April, the ‘dog search’ startup ‘SearchDog’ uses the internet to analyse and ‘solve’ mysteries.
The site claims it has helped solve mysteries ranging from the murder of a 10-year-old boy to the disappearance of a couple from a rural Queensland town.
SearchDog is also a regular feature in the US media, where it was used by CBS and ABC.
But SearchDog says its business model has already proven to be profitable, with a $1.3 million (RM1.4 million) valuation in the last 12 months.
The company says its success is partly due to its high-profile partnership with the BBC, which it has been able to sell a large portion of its search traffic to, as well as being an integral part of its business.
“We have had a very successful first year, but we believe this is only the beginning,” founder Michael Anderson said in a press release.
Mr Anderson says the site is now making inroads into Australia, which he says has a lot of the same issues that he and his team are tackling.
It is targeting a number of high-tech, high-value businesses and aims to grow its revenue by $3 million to $5 million a year by the end of the decade.
SearchDog is already in talks with major retailers, including Zara, H&M, Urban Outfitters, and Calvin Klein.
It is also working with companies such as eBay and eBay Australia.
Anderson says the company has plans to increase its reach and reach into Australia’s digital space, where there are a number large online stores that are not owned by SearchDog.
He says the Australian search market has not grown as fast as he expected, and that the company is in talks to launch an e-commerce site.
A number of the big search engines are not interested in selling their search traffic, but instead are looking to make money from advertising revenue, he said.
In Australia, SearchDog said it was currently selling advertising from its own website to online retailers, and plans to continue to do so for the foreseeable future.
At the moment, SearchDogs advertising revenue is split between the Australian government, which manages the online advertising market, and the search engines themselves.
Google, which owns search engines such as Google, Bing, and Yahoo, is the largest and most powerful of the three, and currently controls about 60 percent of the market.
As well as the online ads, Search Dog says it will also be able to monetise its advertising from third-party sites, which will be able run adverts on the search engine’s site.
However, Anderson says this strategy is not sustainable and he is looking to take the company public, which could mean selling its advertising.
I don’t know how the big tech companies are going to do it.
I don’t think they are going make any money from it, I don.
It’s going to be a very long time before we see a profit from it,” he said, according to the Sydney Morning Herald.
There are also fears that the Australian governments government may restrict SearchDog’s ability to sell its advertising, as it does not have a legal obligation to do this.
According to Anderson, the Australian Government has not yet made any decision on the issue.
But he says the move could impact on the company’s ability, or ability to profit from the advertising.”
The only thing that really stops it being successful is that they don’t want to see us fail.
So that’s the risk,” he told the newspaper.
While the search site is already profitable, Anderson said it has not taken into account the fact that its revenue will depend on whether it is successful in Australia.”
There’s no doubt that this is going to change how people search,” he added.
Read more about: