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Tech Industry

Danger grabs $36 million

Danger, a Palo Alto, Calif.-based start-up working on a wireless Internet access, phone and photographic device, received $36 million in a second round of funding. The financing, led by Redpoint Ventures, includes investments from T-Venture, the venture capital arm of Deutsche Telekom; Orange Ventures; Inovate Communications Group; Diamondhead Ventures and Softbank Venture Capital--which led Danger's first round of $12 million. Jeff Brody of Redpoint joined Danger's board of directors. Danger was launched by former Apple Computer, WebTV and Philips executives. Its device is scheduled to ship in the first quarter of 2002.

Danger, a Palo Alto, Calif.-based start-up working on a wireless Internet access, phone and photographic device, received $36 million in a second round of funding. The financing, led by Redpoint Ventures, includes investments from T-Venture, the venture capital arm of Deutsche Telekom; Orange Ventures; Inovate Communications Group; Diamondhead Ventures and Softbank Venture Capital--which led Danger's first round of $12 million. Jeff Brody of Redpoint joined Danger's board of directors. Danger was launched by former Apple Computer, WebTV and Philips executives. Its device is scheduled to ship in the first quarter of 2002.