So it looks like Twitter has entered some rarefied air for sure. According to ReadWriteWeb and TechCrunch the micro-blogging juggernaut is moving into an exclusive club by securing a new round of funding ($50 million) based on a valuation of $1 billion (yup, it’s a b). No doubt, this will begin to stir the supporters and detractors alike.
NBC Provides Substantial Funding To Mobile Ad Network
NBC understands that the future of television may have less to do with TV’s. As a result, the company has made a move into the mobile ad space by investing in the mobile ad network Greystripe. The funding is said to have been made to assist the sales team headquartered in New York in selling more ads across the 1,000 mobile apps and games on over 1,400 devices that Greystripe can provide.
Real-Time Search Engine Attracts $7 Million Funding
OneRiot, one of the real-time search engines whose name we keep hearing again and again has secured $7 million in Series C funding from Appian Ventures, Commonwealth Capital Ventures, and Spark Capital, the company’s existing venture capital firms.
"This commitment from our existing investors is a big vote of confidence in the realtime search market, OneRiot’s product offering, and our team’s ability to execute," said Kimbal Musk, OneRiot’s CEO.
Bezos’ Funding Of Speech Studies Kindle Related?
Billionaires donate to lots of causes for lots of reasons. Sometimes the donations are business related and sometimes they’re not.
Steve Case’s PayPal Rival Gets Big Funding
Revolution Money is an online payment company owned by AOL co-founder Steve Case.
Friendster Gets New CEO, $20 Million In Funding
Friendster is a social network that almost never gets mentioned in the same breath as MySpace and Facebook. Googlers living in Australia are also a little distance away from what’s seen as the mainstream. Add these two things together, though – and toss in $20 million – and you have an intriguing development.
Trulia Takes In More Funding
Which would you research more: a seemingly safe purchase when you have lots of cash, or a risky one when the economy’s bad? It makes a great deal of sense, then, that real estate site Trulia has just raised $15 million in funding.
Web 2.0 Funding In 2007 Discouraging
According to new data from Dow Jones VentureSource, Web 2.0 investments remained popular last year. More deals took place (and more money was involved) than ever before. Yet some of the details seem a little ominous.
Mixx Consumes $2 Million In Funding
The economy isn’t too strong right now; a lot of people are more or less sitting on their money. But this fact makes it all the more impressive that Mixx, a social news site, has received $2 million in funding.
ChaCha Gets Extra-Important $10M In Funding
In a series B round of funding, the Indiana 21st Century Research and Technology Fund showed its confidence in ChaCha by tossing in $2 million. Morton Meyerson must really like ChaCha, though – he gave the human-powered search company $8 million.