Radar Networks, a pioneer of Semantic Web technology, today announced today that the company has secured $13 million in a series B round of venture capital. The round is led by Velocity Interactive Group, based in Palo Alto, CA, with participation from Draper Fisher Jurvetson of Menlo Park, CA as well as previous investor Vulcan Capital of Seattle, WA.
As part of the deal, Levinsohn will join Radar Networks’ Board of Directors, which will also include Baris Karadogan, Partner, Velocity Interactive, as an observer. Levinsohn and Karadogan join current Board members Steve Hall, Managing Director, Vulcan Capital and Nova Spivack, Founder and CEO, Radar Networks. The new monies will be used to roll out and scale Twine for mass consumer audiences.
Radar Networks is the company behind Twine, the smartest way to organize, share and discover information about your interests. Twine is one of the first mainstream applications of the Semantic Web, or what is sometimes referred to as Web 3.0.
Twine is a new service that helps users organize, share and discover information about their interests, with networks of like-minded people. Individuals can use Twine alone, with friends, groups and communities, or even in the workplace. Powered by semantic understanding, Twine automatically organizes information, learns about users’ interests and makes connections and recommendations.