The real time web search startup has just picked up some Series C financing to the tune of US$ 7 million. The funding was led by OneRiot's current venture capital firms: Appian Ventures, Commonwealth Capital Ventures and Spark Capital.
The plans for this new funding involve continual enhancement of the OneRiot core product, in addition to efforts to support partners like Microsoft and Yahoo who use the OneRiot API.
With over 3 millions users opted in to share their information with OneRiot, they are able to provide the hottest topics currently being discussed via sites like Twitter and Digg. It does this using their PulseRank algorithm which determines the current social buzz on web content mentioned within these social services -- based on their community.
OneRiot real time web search
Obviously OneRiot must be doing something right to get their venture capital firms to cough up more money for development. As they say on their blog, "Yes, we're really happy about this."