Founded by Danny Hillis and Applied Minds, Inc., Metaweb Is Building the Next
Infrastructure for the Web
SAN FRANCISCO, March 14 /PRNewswire/ -- Metaweb Technologies, Inc.,
announced today that it has received $15 million of funding. Led by Benchmark
Capital, other investors in the round included Millennium Technology Ventures,
Omidyar Network and prominent individuals. As part of the financing, Kevin
Harvey from Benchmark Capital joined Metaweb's board of directors.
Danny Hillis, chairman of Metaweb, remarked, "We are delighted to receive
financing from investors who share our long-term vision to fundamentally
change how information is stored, organized and shared online." Mr. Harvey
noted, "My partners and I are very excited to be working with the Metaweb
team. This is a disruptive technology that puts a lot of power into the hands
of individuals." Doug Solomon, vice president at Omidyar Network, Pierre
Omidyar's mission-based investment group, said, "Metaweb enables individuals
to pursue what matters most to them and dramatically expands their role in
enhancing the value of online information."
About Metaweb Technologies, Inc.
Founded in 2005, Metaweb Technologies, Inc. is headquartered in San
Francisco, California and is backed by Benchmark Capital, Millennium
Technology Ventures, Omidyar Network and other prominent investors. For more
information on Metaweb Technologies, Inc., please visit
http://www.metaweb.com .
About Benchmark Capital
Benchmark Capital was founded in 1995 to help talented entrepreneurs build
great technology companies. Benchmark's partners take a team-oriented,
labor-intensive approach to venture investing to deliver a superior level of
service to the firm's portfolio companies. Benchmark's portfolio includes
franchise companies such as eBay, Equinix, Handspring, JAMDAT, Juniper
Networks, Red Hat, and ZipRealty. Managing more than $3 billion in committed
venture capital, Benchmark focuses on investing in entrepreneurs with original
ideas. For more information on Benchmark, visit its website at
http://www.benchmark.com.
About Omidyar Network
Omidyar Network is a mission-based investment group committed to fostering
individual self-empowerment on a global scale. Established in June 2004 by
Pierre and Pam Omidyar, the Network is founded on the simple core belief that
every individual has the power to make a difference. Omidyar Network funds
for-profits and nonprofits that promote equal access to information, tools and
opportunities; connections around shared interests; and a sense of ownership
for participants. To date, Omidyar Network has created a diverse portfolio
that fosters individual self-empowerment across the economic, political and
social realms, with investments in areas such as microfinance, open source,
citizen journalism and collaboration in the sciences. Through its work,
Omidyar Network intends to catalyze a new breed of business for which social
impact directly drives profitability. To learn more about Omidyar Network and
the organizations it has funded, please visit http://www.omidyar.net .
EDITORIAL CONTACTS:
Stephanie Gnibus
GMK Communications for Benchmark Capital
408-776-9727
stephanie@gmkcommunications.com
SOURCE Benchmark Capital
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Related links:
http://www.benchmark.com
http://www.omidyar.net
CONTACT:
Stephanie Gnibus of GMK Communications,
+1-408-776-9727, or stephanie@gmkcommunications.com, for
Benchmark Capital
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