Radar Networks receives more funds for Twine?

VentureBeat reports that Radar Networks has received a further tranche of funding.

Chris Morrison reports on VentureBeat that Semantic Web company Radar Networks has received a fresh round of investment, probably in the order of $15-20 Million. This is less than the $42.5 Million to Metaweb that I mentioned in my last post, but the detail of how much control each company has had to surrender to their respective investors remain unclear.

Radar Networks is best known for their Twine application, which launched at O'Reilly's Web 2.0 Summit last November. Twine remains in closed beta at the time of writing.

Disclosure: Radar Networks CEO, Nova Spivack, is a member of my employers' Platform Advisory Group.

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