wavemarket-logo.gifWaveMarket has just landed $9.4 million in venture capital to take blogging tools to the next frontier: Allowing your friends and relatives to see where you’re blogging from, giving them a map of where you are, and even creating alerts when you arrive somewhere. The company boasts it can create protective “geofences” around children — notifying their parents if their kids stroll out of a certain limited area.

Draper Fisher Jurvetson led the round of venture capital, with existing investor BlueRun Ventures formerly known as Nokia Venture Partners also participating.

In fact, the service is already up and running. The company offers three software products, each available now:

(1) Crunkie � a location-aware mobile social network that allows friends to locate each other as well as share location-tagged blog posts.

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(2) Map.Me � a mobile phone map interface that allows users to pan/zoom and experience dynamic mobile city guides.

(3) WaveAlert � server that allows users to be notified whenever they enter or leave a designated area. This is called “proximity-based” alerts. You can set �geofences� around important assets or be notified if your friends are nearby.

Hmmm, wonder if this blog fence will ever be integrated with something like the Radio Frequency Identification (RFID) tag technology that Fujitsu is using on kids in Japan? There, Tokyo’s Rikkyo Elementary School has outfitted kids with tiny RFID tags to let parents know if a student is late for school in the morning, or takes too long to get home. As the child walks past the school’s front gate, the chip inside his backpack beams a message to a school computer, which logs the time he enters and leaves, sending confirmation e-mails to parents. A veritable leash.

Here’s the WaveMarket press release.