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.
One Comment
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Steve E said:
I’m glad for Nova, it’s sensible not to take on more funding than is necessary.
Twine holds amazing promise as an application, I believe that in this arena there is nothing close to it (yet).
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David Scott Lewis (Zytech Solar, a Going Green 100 Winner) said:
$$$ well deserved … and well invested (IMO).
As the most active participant in Twine’s private beta (you’ll see this when you receive your invitation), I can attest to the legitimacy of Twine’s aura, both the mystique (imagined) and technological framework (actual).
Semweb (the Semantic Web) is different. Web 3.0 is different. And Twine is different.
On the surface, Twine may look a lot like a Web 2.0 application, something akin to a Facebook, a Yahoo! Group, maybe a JotSpot, perhaps del.icio.us. In fact, it’s the best of all of the above. And, quite frankly, Twine’s familiarity is good news: A new Twinerian has a short learning curve. (Take learning how to fly in Second Life as a counterexample.)
However, Twine is really so much more than a social networking site, social bookmarking site, online discussion group, or wiki. At it’s core, Twine is about the organizing and sharing of knowledge based upon common interests. But discovery is what makes Twine truly unique. And in addition to discovery in a broad sense, I personally view Twine’s matchmaking features as its key advantage.
With Twine, a Twinerian can find business partners, potential employers or employees, or life partners. And it’s all quite simple, something I’ve dubbed “one-click networking and discovery.” Bottom line: Click on a bookmarklet and both people and content matches will follow. Enter Web 3.0.
Recent New York Times column on Twine:
http://www.nytimes.com/2008/02/03/business/03novel.htmlMy three AlwaysOn Network columns on Twine (listed in chronological order):
http://alwayson.goingon.com/permalink/post/20803
http://alwayson.goingon.com/permalink/post/22937
http://alwayson.goingon.com/permalink/post/23747(AO column links: doiop.com/Twine, doiop.com/Crunchies and doiop.com/Enterprise3.0)
10 Trackbacks
4:55 am
Deal RoundUp: Feb 21, 2008 : unitedBIT said:
[...] The San Francisco semantic web startup, Radar Networks, 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. The investment is probably in the $15-$20 million range (no giant, Metaweb-style $40+ million fundings here). Source:VentureBeat [...]
6:34 am
The Semantic Web mobile edition said:
[...] Morrison reports on VentureBeat that Semantic Web company Radar Networks has received a fresh round of investment, [...]
11:46 am
Radar Gets More Millions for Semantic Search App Twine? said:
[...] parent company Radar Networks has received Series B funding for an undisclosed amount, though VentureBeat is reporting that sources have indicated that the investment is probably in the $15-$20 million [...]
1:34 pm
Radar Raises Funding for Semantic Search App Twine | Social Media News Desk said:
[...] parent company Radar Networks has received Series B funding for an undisclosed amount, though VentureBeat is reporting that sources have indicated that the investment is probably in the $15-$20 million [...]
11:45 am
Important weekend stories « foldier’s blog said:
[...] weekend stories From Mary Trigiani: Some reliable news and blog outlets are writing about Twine’s upcoming announcement of another round of [...]
4:21 pm
Radar Raises Funding for Semantic Search App Twine : New Web 2.0 Magazine said:
[...] parent company Radar Networks has received Series B funding for an undisclosed amount, though VentureBeat is reporting that sources have indicated that the investment is probably in the $15-$20 million [...]
9:19 pm
Radar Networks receives $13M for Twine, plans to open starting in March » VentureBeat said:
[...] funding round for Radar Networks that we briefly mentioned last week has been officially announced. It turns out that the company took $13 million more, and added Ross [...]
9:19 pm
Radar Networks receives $13M for Twine, plans to open starting in March » VentureBeat said:
[...] funding round for Radar Networks that we briefly mentioned last week has been officially announced. It turns out that the company took $13 million more, and added Ross [...]
10:50 pm
The Semantic Web mobile edition said:
[...] had with Ross Levinsohn and Roland Van der Meer of Velocity. VentureBeat’s Chris Morrison added flesh to bones, reporting his own sources as suggesting a $15-20 million investment, and I in turn reported that [...]
12:10 pm
Over $100m in 12 months backs natural language for the semantic web « Commercial Intelligence said:
[...] Radar Networks is led by Nova Spivack and received early funding from Vulcan Capital, who have been funding advanced artificial intelligence research through the Halo project for years. Leap Frog was also in the A round. A B round of $13m from Velocity Interactive, Draper, and Vulcan announced in February brings total investment to $18m. [...]