As much as I like to see innovative startups succeed, I don’t quite see the game-changing abilities of Kosmix.  This is why it surprised me that they were able to raise $20 million in recent funding.  In total funding they have raised $55 million.  When a company raises that sort of money, you have to ask yourself, what does your product actually do?

Kosmix does metasearches and aggregates content from a bunch of other sources.  Top stories are pulled from Yahoo! Buzz, Digg, CNN, and Fark.  Popular videos are pulled from Hulu, YouTube, Vimeo, and Flickr.  Trending topics are from Twitter.  Lucky Dip is from People magazine.  Daily deals are pulled from DealNews, Amazon.com, and Orbitz.  And finally Images of the Day are pulled from Kodak, Flickr, and Picasa.

In my opinion, it appears that Kosmix is to search is what Alltop is to RSS feeds.  And the difference is that Guy Kawasaki spent $10,000 to create Alltop. I’m not the only one that questions Kosmix’s technology.  VentureBeat has a similar opinion.

But the numbers don’t like when it comes to VC dollars.  Kosmix had over 11 million monthly visitors recently.  Kosmix will also be rolling out an advertising strategy next year some time as well as a customizable homepage.

The investors in the $20 million round of funding includes Accel, Lightspeed Venture Partners, DAG Ventures.  Former Motorola CEO/Chairman Ed Zander was also an investor.

SB Nation is a sports startup that was started by Jim Bankoff, former AOL EVP of Consumer and Publisher Services.  Bankoff is also a Senior Advisor with Providence Equity Partners.  Bankoff was one of the AOL execs that pushed for the development of TMZ.com.

Although it is not known exactly how much SB Nation has raised, TechCrunch pegs it at around the “mid-seven-figure sum.”  The funding was provided by Accel, Allen & Co., and several other angel investors.  The other angel investors include Ted Leonsis (former AOL Vice Chairman and Washington Capitals owner), Brent Jones (former San Francisco 49ers player and MD of Northgate Capital), Dan Rosenweig, Jeff Weiner, and other executives from Providence Equity Partners.

SB Nation is short for SportsBlogs Nation.  About 150 team sites are linked together by local writers within the SB Nation network.  All of these bloggers share in advertising revenue.  SB Nation sites combined receive about 2 million unique visitors per month.

SB Nation is based in Washington D.C.

Yahoo! Inc. is rumored to acquire Maven Networks for over $150 million.  Yahoo! was also previously interested in acquiring Metacafe and previously acquired online video editing company, Jumpcut. 

Maven Networks is an Internet TV advertising platform.  Here is a sample of what they do:
http://www.mediamave.com/foodnetwork/

Maven Networks is based in Boston, Mass. Some of Maven’s clients include FOX, Scipps Networks, Sony, TV Guide, Gannett, Univision, USA Today, CBS, IBM, HGTV, Food Network, and CNET. 

Maven previously raised around $30 million in funding from Prism Venture Partners, Accel Partners, and General Catalyst Partners.  Maven Networks has a partnership with Comcast and had a former advisor that is now the CEO of Brightcove.

[Information Source: NewTeeVee and TechCrunch]

What does Georgia Tech, Digg, and Mozilla.org have in common? According to Yodel Anecdotal: Yahoo’s company blog, the email and group calendaring system is all powered by Zimbra. And because why it is so “damn cool” as described by Yahoo!’s Brad Garlinghouse, the search engine just bought the open source email/calendaring company for $350 million in cash.

This acquisition comes at a time that Google is gearing to develop further online office suite applications and when Microsoft is supposedly developing and testing online versions of Word, Excel, and PowerPoint as well. Yahoo! is now on the bandwagon and will bring Yahoo! new customers and be able to benefit from the open-source community in terms of email software development.

The Zimbra Collaboration Suite 4.5 is the current release by Zimbra, but with the announcement of the acquisition, version 5.0 will not be delayed.

For those who are current Zimbra customers or want to learn more about how the acquisition, there is a Q&A available and Network Edition Trial on the Zimbra website.

The company raised $30.5 million over the course of three rounds of funding from Benchmark Partners, Redpoint Ventures, Accel Capital, Sumitomo Corporation, and Duff Ackerman & Goodrich according to TechCrunch.