Israel Digital News

SemantiNet, a developer of semantic Web based information discovery Tool, has secured $3.4 million in Series A funding from Giza venture capital, Yossi Vardi, Ronald Cohen, Jeff Pulver, Robert Imershein and Moudi Ben-Shach. Those investors also participated in SemantiNet $1.7 million seed round on January 2008.

The Israeli startup also announced the opening of a new San Francisco sales and marketing office to support its upcoming worldwide product launch in late September of 2008.

SemantiNet product is an intelligent browser plugin that dynamically discovering, integrating and providing easy access to personally-relevant content. The company software leverages key technologies and services from companies such as Facebook, Google, Microsoft, Mozilla and Yahoo.

"SemantiNet's core technology is now being leveraged by a unique consumer application, combining a crowd-sourcing approach with the power of semantic web reasoning," said Oz Leave, Chairman of the Board for SemantiNet. "We are are looking forward to providing our users with an information discovery assistant that is fun to use, easy-to-understand and seamlessly integrated into their browser."

SemantiNet headquarters and R&D is based in Tel Aviv, Israel. The company was founded in February 2007 by Tal Keinan, SemantiNet CEO, and Tal Muscal, the company CTO. Keinan was a member of the Risk Department of Morgan Stanley and Muscal previously served as a developer at Go Networks.

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