Technorati Redux?

For the past few years, Technorati has been easy fodder for critics. Once the shining star of the blog search world and a venture capital darling, Technorati stumbled into near oblivion after the service deteriorated to the point where it nearly became irrelevant.

But in the past two years, Technorati has dusted itself off, admitted its mistakes, and been diligently working to restore its luster. Not that Technorati has come all the way back but there are definite signs of life.

Perhaps the most obvious indication was a new design unveiled yesterday that includes some new wrinkles. (See TechCrunch for coverage of the New Technorati.) It was also disclosed that Technorati has raised another $2-million from its existing investors.

Behind the scenes, CEO Richard Jalichandra, who will deliver a keynote at BlogWorld Expolater this week, has been busy, launching an ad network and bought a blog network, Blogcritics.

The blog search engine is still alive and if Technorati can perform well, it has a shot at reclaiming its status as the blog search leader given the market is still leaderless. Technorati is a good example of a high-flyer that could have easily crashed, burned and disappeared. Instead, it clung to life, reinvented itself, and has lived to see another day.