engine - 6:01 pm on May 16, 2012 (gmt 0)

Bitly Planning Real-Time Viral Search Engine [theverge.com]

Bitly, a New York company that lets users shorten, share, and track URLs, is raising around $20 million in a new round of funding, we have learned from multiple sources. That's twice the amount the company raised in its last round, and shows a mature startup closing in on a working business model. We also hear Bitly is about to launch some new consumer products, including a real-time, viral search engine.