What you need to know - 05/18/11

Clio Music is a new kind of Music Genome Project; NextSpace closes its $625K angel round

In direct contrast to Pandora’s approach, new tech just launched from Orpheus Media Research (OMR), a Brooklyn-based music research and development company responsible for Clio Music, a music discovery platform that sounds a lot more like IBM’s Watson but for music.

Cognitive Match, a company that connects targeting across display ads and online content, raised $6 million from new investor Antrak Capital and previous backer Dawn Capital.

Datameer, provider of business user-facing analytics solutions built on Apache Hadoop, secured $9.25 million in Series B financing led by Kleiner Perkins.

MyTopo, a Billings-based print and digital mapping company, has been acquired by Trimble, a publicly traded positioning technologies company that utilizes GPS, lasers, and optics for industries and outdoor enthusiasts.

NextSpace, which has developed an office where work-at-home employees can work productively, closed a $625,000 round of angel funding.

Onavo, a data management app for iPhone, has completed a $3 million round of financing from Magma Venture Partners and Sequoia Capital.

  Silk, the Amsterdam-based Web startup, has completed a €320,000 ($475,000) funding round led by Atomico, the venture capital firm led by Niklas Zennström, who also co-founded Skype.