Evernote announced yesterday that it raised $70 million in funding that it didn't need, in order to get ready for a public offering that, CEO Phil Libin hopes, is still several years away.
Libin said that the $70 million, raised from Meritech Capital, CBC Capital, and other investors, will add to the company's war chest, which previously held $96 million from rounds that the company has also barely touched.
"This more about building an infrastructure for the 100-year company," Libin said. "We're going to buy more servers and switches and capacity than we need. … Read more