Timeline of Google's Financial Growth and Funding
Posted: Tue Feb 11, 2025 10:16 am
1998-2008: Google was officially founded in September 1998. However, its story begins in 1995, when two students met at Stanford University and formed a partnership to build a search engine called Backrub. They would later name it Google. Google quickly attracted the attention of both the academic community and investors in Silicon Valley. In 1998, Sergey and Larry received $100,000 from Andy Bechtolsheim, co-founder of Sun, and Google Inc. was born. With this money, the team rented its first office, a garage, in a suburb of Menlo Park, California.
The company received other angel investors, including Amazon founder Jeff Bezos, Stanford University computer doctor data science professor David Cheriton, and entrepreneur Ram Shriram. In total, the company raised about $1,000,000. Google Friends was launched the same year to inform fans about the company. In 1999, Google moved its offices to Palo Alto, California, home to several well-known Silicon Valley start-ups.
In the same year, a $25 million round of funding was also announced. The company began selling keyword-related ads in 2000. In the same year, Google became Yahoo's default search engine. The company also won a People's Voice Award for Technical Achievement and a Webby Award for Best Technical Achievement in 2000. In June 2000, Google's billion-page index was launched. By then, 18 million searches were being registered on the platform daily, making it the world's largest search engine. In 2001, Google surpassed 100 million searches per day. In addition to acquiring all of Deja.com's assets, the company launched Google PhoneBook. The company's customer list continued to grow in 2001.
The company received other angel investors, including Amazon founder Jeff Bezos, Stanford University computer doctor data science professor David Cheriton, and entrepreneur Ram Shriram. In total, the company raised about $1,000,000. Google Friends was launched the same year to inform fans about the company. In 1999, Google moved its offices to Palo Alto, California, home to several well-known Silicon Valley start-ups.
In the same year, a $25 million round of funding was also announced. The company began selling keyword-related ads in 2000. In the same year, Google became Yahoo's default search engine. The company also won a People's Voice Award for Technical Achievement and a Webby Award for Best Technical Achievement in 2000. In June 2000, Google's billion-page index was launched. By then, 18 million searches were being registered on the platform daily, making it the world's largest search engine. In 2001, Google surpassed 100 million searches per day. In addition to acquiring all of Deja.com's assets, the company launched Google PhoneBook. The company's customer list continued to grow in 2001.