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PageRank was the first core algorithm in Google Search and is named after Larry Page (co-founder of Google). PageRank aims at estimating the importance of a webpage on the basis of number and quality of links it receives. In short it is a link analysis algorithm.<br><br>PageRank was developed as part of a research project in 1996 by Larry Page and Sergey Brin while they were studying in Stanford University. Rajeev Motwani and Terry Winograd were co-authors of the first paper about the PageRank project.<br><br>It might come as a surprise to many people but the PageRank US patent was actually assigned to Stanford University, who gave its exclusive license rights to Google in exchange for 1.8 million Google shares, which it later sold for US$336 million in the year 2005.
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