Redwood City, Calif. - One True Media, a provider of online advertising services for small and mid-sized businesses, announced on Wednesday that it has landed a $9 million second round of funding, led by DAG Ventures.

Los Angeles - BitTorrent, the file-sharing software company founded by the creators of the peer-to-peer protocol, has returned the $17 million financing round it announced in June to investors, opting instead to take $7 million at a substantially reduced valuation of $28 million, TechCrunch reported.

Mountain View, Calif. - Kosmix, the developer of a search engine that organizes the Web by topic, has raised $20 million in its fourth round of venture capital financing, led by Time Warner Investments.

Redwood City, Calif. - One True Media, a provider of online tools that consumers can use to edit together photos and videos, has called down $8 million of a $10 million second round of funding, PEHub.com reported, citing a regulatory filing.

Palo Alto, Calif. - Gigya, a provider of widget distribution services, announced on Wednesday that it has closed an $11 million third round of financing, led by DAG Ventures.

San Francisco - BitTorrent, a provider of peer-to-peer-based content delivery services, has raised $17 million in a third round of funding, led by DCM and Accel Partners, PEHub.com reported, citing a regulatory filing.

San Francisco - Online social network Friendster announced on Tuesday that it has closed on $20 million in new funding, led by IDG Ventures, and named former Google executive Richard Kimber as its new chief executive.

San Francisco - Mevio, a broadband entertainment network offering video, audio and music content, announced on Wednesday that it has secured $15 million in its third round of funding.

Seattle - Wetpaint, the provider of an embeddable wiki platform for social publishing sites, announced on Monday that it has raised a $25 million third round of funding, co-led by DAG Ventures and an unnamed financial investor.

Mountain View, Calif. - Searchme, a new search engine that delivers results as a browsable stack of preview pages, and provides suggestions of categories as users type search terms, has announced the launch of its search engine in private beta.