iPhrase Technologies receives $25M

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"iPhrase Technologies, provider of a website navigation and search platform, has received $25 million in second round funding from led by Reed Elsevier Ventures, TD Capital Technology Ventures, RSA Ventures, Charles River Ventures, Greylock, and Sequoia Capital. Funding will be used for general corporate working capital and for sales for expansion, and is expected to last for 18 to 24 months. The company has a staff of 70, and expects to increase to 86 within the next nine to 12 months."

One of their demos shows their software has similar goals to AskJeeves.

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