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Metaweb Technologies Garners Series B Financing

Thursday, January 17, 2008 6:09:00 AM PDT | VentureDeal Staff

GLENDALE, CA -- Database company Metaweb Technologies, Inc. said that it has raised $42.5 million in new venture capital investment from existing and new investors.

Metaweb, which was spun out of Applied Minds in July, 2005, is developing Freebase, a new web-focused database system.

Goldman Sachs led the round, which included Benchmark Capital, DAG Ventures, Omidyar Network and Millennium Technology Ventures.

The company did not disclose specifics about how it would use the funding proceeds.

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