Paidcontent announced that Daylife has officially raised their first round of funding. Daylife was founded by Upendra Shardanand as a distributed news platform. The largest investor in Daylife is The New York Times Company who has offered nearly as much as another two dozen investors. As of right now, the dollar amount has not been mentioned.

According to Paidcontent, “Other investors include Doug Chertok and Rich LeFurgy through Archer Martin; Ken Lerer, the Huffington Post; Azeem Azhar; Andy Sack, Judy’s Book; Mike Yavonditte, Quigo; and Scott Heiferman, co-founder, Meetup. Several investors—among them Craig Newmark, Mike Arrington, Dave Winer, John Borthwick — have made their involvement public in recent months. A number of first-round participants also were angel investors including Newmark, Borthwick and Mika Salmi, CEO, AtomShockwave.” These big names in the Web 2.0 community that are acting as investors have truly recognized the value behind Daylife. This is one company to keep your eyes on. Once the company opens up its services, I will provide a lengthier review on it.

Upendra Shardanand is also a co-founder of Firefly, a company acquired by Microsoft in 1998. Firefly is the basis of the Microsoft Passport concept.