Radar Networks receives new funding for Twine
February 21, 2008 | Chris Morrison
Radar Networks, the San Francisco semantic web startup, has received a fresh round of funding for development of its first application, Twine.
New investor Velocity Interactive Group participated in the round, according to Dan Primack at peHUB. We’ve also heard from our own sources that the investment is probably in the $15-$20 million range (no giant, Metaweb-style $40+ million fundings here).
More details are due to be announced next week. Radar previously took a round of about $5 million in 2006, and we’ve also covered Twine, here.
Tags: co:radar-networks, co:twine, inv:Velocity-Interactive-Group
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.
