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New funds come eight months after the 4-year-old social-sharing startup closed a $225 million round.
The scrapbooking site closes a whopper of a funding round and says it will focus on the product and make acquisitions.
The pin-board company has collected $225 million in new financing, and has grown its value by $1.3 billion in the past eight months despite having virtually no revenue.
Harnessing sensors, 3D tracking, wearable devices, and games with a wow factor could transform augmented reality from cool technology to the mainstream within five years.
The social site makes its first purchase, choosing the food recipe bookmarking network.
Japanese e-commerce giant Rakuten says it is leading a $100 million round of funding in the social photo-sharing site. That could put its valuation at $1.5 billion.
The scrapbooking site is reportedly ready to raise more money. Whether it will do so on the lofty terms it wants remains to be seen.
Major venture capital firm Bessemer Venture announces its own carbon neutral plan.
Smule raised $16 million in its latest round, even though it didn’t need to raise funding at all. Another atypical step for the atypical startup, which originated when a 40-something went back to college instead of a 20-something dropping out.
The company, which has 75,000 developer customers, makes a cloud-based platform that lets almost anyone create simple voice applications without working with legacy carriers. It has now raised a total of $31.5 million in three rounds of financing.