San Francisco - Blinkx, a searchable index of Web video, saw its shares rise 40% in their initial public offering on the London Stock Exchange Tuesday, which garnered around $50 million and saw the company valued at nearly $355 million.

Blinkx was launched three years ago in San Francisco, by a former executive at Cambridge, England-based search firm Autonomy.

That company recently exercised an option to acquire 90% of Blinkx, and merged it with its consumer search unit.

Blinkx, which has indexed more than 7 million hours of video, said it processes 1.1 million searches daily and claims 700,000 daily users.

Related Links:
http://tinyurl.com/33jjrr (Times Online)

http://www.blinkx.tv