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Internet
Adconion Media Group New York-based online advertising network Adconion Media Group has closed an $80 million Series C round. European venture firm Index Ventures and existing investor Wellington Partners led the round. Three year-old Adconion's existing operations are throughout Europe and Australia; the company said it will use the new capital for expansion throughout North America and Asia. Founded in 2005, Adconion is an international network that serves advertising agencies and direct advertisers as well as a base of Web sites. Radar Networks San Francisco-based Radar Networks, a maker of semantic web technology, has secured $13 million in Series B venture capital. The round was led by Velocity Interactive Group of Palo Alto, Calif., with participation from Draper Fisher Jurvetson of Menlo Park, Calif., as well as previous investor Vulcan Capital of Seattle. The company's lead product, Twine, is a semantic web application that helps users organize, share and discover information about their interests, with networks of like-minded people. Velocity's Ross Levinsohn has joined Radar Networks' board. The new money will be used to roll out and scale Twine for mass consumer audiences. Founded in 2003, the company has raised a total of $18 million. San Francisco-based Tiny Pictures Inc. which operates Radar, a service for real-time sharing of cameraphone pictures and videos, has received $7.2 million in Series B funding. Draper Fisher Jurvetson led the round and and Series A investors joined. Tiny Pictures had previously raised $4 million in first round financing from Mohr Davidow Ventures of Menlo Park and angel investors Reid Hoffman and Joichi Ito. The capital will be used for international growth opportunities, as well as for further development of the company's recently launched ad platform. Founded in 2005, the company claims the Radar is the largest service of its kind, serving more than 15 million pictures per month to mobile users worldwide. Networking Nistica Nistica Inc. has closed a $9 million Series B funding led by Princeton, N.J.-based Battelle Ventures LP, and its affiliate fund, Innovation Valley Partners. Also participating were insiders Novitas Capital of Wayne, Pa, Technology Venture Partners of Minneapolis, strategic investor Finisar Corporation of Sunnyvale, Calif., and undisclosed private investors. Finisar's investment comes as part of a partnership announced today with Nistica. The company is a supplier of optical modules made to simplify and automate the delivery of high-bandwidth applications. Nistica's technology is designed to enable systems providers in multiple industries to meet broadband demand for applications in voice, video and data. The three-year-old Bridgewater, N.J., company has secured raised $19 million in venture money overall. Software Bluenog Piscataway, N.J., application infrastructure software company Bluenog has announced the closing of a $4 million Series A financing led by NewSpring Capital of Radnor, Pa. As part of the financing, Michael DiPiano and Michael Poisel of NewSpring will join Bluenog's board of directors. The funds will go towards expansion of product development, as well as to sales and marketing efforts. Bluenog's open-source software provides pre-integrated products that blend open source and commercial technologies. The company's focus is on enterprise infrastructure software including portal servers, enterprise content management, and business intelligence. -- George White
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