San Mateo, Calif. - Wize, a San Mateo, Calif.-based start-up that compiles user-generated and expert product reviews and ranks them using a scoring algorithm, announced on Monday that it has raised $4 million in its first round of venture capital financing, from the Mayfield Fund and Bessemer Venture Partners.

Baltimore, Md. - Millennial Media, a developer of mobile advertising technology, announced that it has raised $6.3 million in its first round of venture capital financing.