Radar Networks Announces Closing of Series A Financing

Vulcan Capital and Leapfrog Ventures invest in stealth Internet venture

SAN FRANCISCO, CA. — April 6, 2006 — Radar Networks, today announced the completion of its Series A equity financing round, led by Paul Allen’s Vulcan Capital and Leapfrog Ventures.

Radar Networks is building technology for enriching content that will catalyze the evolution of a new dimension of the Web. This new dimension is the next frontier in search, advertising, content distribution and commerce.  The company is presently in stealth-mode and anticipates releasing its first commercial products in 2007.

“We are very pleased to have received significant funding from two top-tier venture capital firms. Paul Allen has a long history of backing ambitious and innovative technologies and the team at Vulcan has been a great partner for us, and Leapfrog Ventures is one of the hot funds of the Web 2.0 era. We couldn’t have found better partners for this stage of our business. Now we can get back to work,” said Radar Networks, CEO & Founder, Nova Spivack.

“Radar Networks impressed us with their technology platform and intellectual property. We believe what they are working on has the potential to create not only new applications, but an entirely new layer of the Web itself,” said Steve Hall, Vulcan Capital.

“The team at Radar Networks has created something really new. We are enthusiastic about the disruptive potential this has for the emerging Web 2.0 ecosystem,” said Peter Rip, Managing Director of Leapfrog Ventures.

About Vulcan Capital

Information about Vulcan Capital may be found at http://capital.vulcan.com.

About Leapfrog Ventures

Information about Leapfrog Ventures may be found at http://www.leapfrogventures.com.

About Radar Networks

Founded in 2003, by Nova Spivack, Radar Networks spent several years developing core technologies for the next-generation of the Web as well as working on related research with DARPA and SRI International. Headquartered in San Francisco, the company anticipates releasing its first commercial products in 2007.

Media Contact: Jennifer Agostinelli, Radar Networks,
(415) 848-2300, press@radarnetworks.com.