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Jun152008

Technorati to launch new Business Focus Advetising Network

Technorati CEO Richard Jalichandra, confirmed to TechCrunch that a venture round raised $7.5 million in a fourth round of financing according to a regulatory filing has been closed and says that the company will make an announcement next week that includes more information.

It’s also clear that the company is refocusing its business. We believe they are launching a blogger-focused advertising network based on documents. The company has, however, considered other strategies recently, including a blog rollup. We’ll know more next week.

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