Bing and Google may have gotten a head start, but Yahoo isn't ignoring the whole real-time search arena, according to a new report.  In fact (or at least in rumor, if you will), Yahoo may be working on a product with OneRiot right now.

Yes, Michael Arrington reported that Yahoo isn't pursuing anything with either Facebook or Twitter.  OneRiot, a real-time search engine that's already up and running, is supposed to be its new pal, instead.  And Arrington wrote, "If our source is correct . . . the product will launch very soon."

So here's a little more info about OneRiot.  On the corporate side of things: it launched about a year ago, and is headquartered in Boulder, Colorado.  It's received funding from Spark Capital, which has put money into Twitter, too.

As for the tech, the OneRiot search engine is in beta, yet it deals with both text and video, and more specifically, "crawls the links people share on Twitter, Digg and other social sharing services," according to an "About Us" page.

It should be interesting to see what (if anything) Yahoo and OneRiot come up with.  Although playing catch-up isn't easy, they have the opportunity to learn from others' mistakes and refine their best ideas.

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