New York - Outbrain, a provider of ratings and recommendations for blogs, news and RSS content, announced on Tuesday that it has closed a $5 million first round of financing, led by Gemini Israel Funds and Lightspeed Venture Partners.

Previous investor GlenRock Israel also participated.

New York-based Outbrain was co-founded in 2007 by Yaron Galai, whose previous venture Quigo Technologies was acquired by AOL for $300 million.

"We love reading blogs, but the signal-to-noise ratio makes it impossible to find the good content anymore. We're looking to build the standard platform for discovery of high-quality, personalized blog content on the web," the company says on its blog.

Related Links:
http://www.outbrain.com