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Emeryville,
Calif.
– Lithium Technologies, a
developer of software that lets businesses create their own social networks and
online communities, said on Wednesday that it has raised $18 million in its
third round of funding.

New investors DAG Ventures and Tenaya Capital joined
previous backers Benchmark Capital, Emergence Capital and Shasta Ventures.

The
company also raised $12 million in its second round, which closed in June 2008.

This past June, Lithium acquired San Francisco-based Keibi Technologies,
developer of a platform that allows online communities to monitor content for
appropriateness.

The company’s clients include Best Buy, Sony, AT&T,
Research In Motion Limited (RIM), Univision and PayPal.

 

Related Links:
http://snipurl.com/tzhws

http://www.lithium.com

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