Evernote secures $20 million in investment round

The note service is flush with cash, thanks to a new funding round led by Sequoia Capital.

Evernote has secured $20 million in a Series C round of financing, the company announced today.

Sequoia Capital led the funding round, according to Evernote--a service that enables people to create, edit, and synchronize data across multiple devices and platforms. Morgenthaler Ventures and DoCoMo Capital, which previously invested in Evernote, also participated in the round. In addition, Sequoia Capital partner Roelof Botha will join Evernote's board of directors.

Getting Sequoia Capital's support is no small achievement. The venture capital firm is one of the most successful in the tech world. The company has invested in Apple, Cisco Systems, Electronic Arts, Google, YouTube, and many other tech companies.

Evernote plans to use its new infusion of cash to invest in "rapid product development and expansion into new markets." Evernote has more than 4.7 million users worldwide.

Featured Video

How Pixar created the world of 'The Good Dinosaur'

Pixar's upcoming new film imagines what it would have been like if dinosaurs never became extinct. CNET.com's Lexy Savvides reports on how real-world data helped make the movie's prehistoric landscapes look incredibly authentic.

by Lexy Savvides