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