Google Acquires Database Company Metaweb

Google Inc. (NASDAQ:GOOG) has acquired Metaweb, a company that develops the open, shared database platform called Freebase. Metaweb was founded by Danny Hillis and Robert Cook in 2005. Metaweb raised $57.5 million in funding over two rounds. Investors include Benchmark Capital, Millennium Technology Ventures, Goldman Sachs, and Omidyar Network. Google said that the Freebase database will remain open and free. [VentureBeat]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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