CNET también está disponible en español.

Ir a español

Don't show this again

Best Black Friday 2020 deals PS5 restocks for Black Friday Black Friday iPhone 12 deals A third COVID vaccine CDC's Thanksgiving guidelines Amazon's Black Friday deals Black Friday AirPods deals

Shutterfly captures $3 million

Online photo site Shutterfly has landed a $3 million investment from Silicon Valley Bank. The Redwood City, Calif.-based company said it plans to raise a closing round of funding by early next year that will push it toward profitability. Shutterfly launched with fanfare in late 1999 with the backing of Netscape Communications co-founder Jim Clark. In March, it received another $10 million from Clark and Mohr Davidow Ventures. But the company also lost its chief executive that month and reduced its staff from 120 to 90 employees in its efforts to restructure the company and cut costs. In April, the company named Andy Wood, formerly CEO of Sevant, to head Shutterfly.

Online photo site Shutterfly has landed a $3 million investment from Silicon Valley Bank. The Redwood City, Calif.-based company said it plans to raise a closing round of funding by early next year that will push it toward profitability.

Shutterfly launched with fanfare in late 1999 with the backing of Netscape Communications co-founder Jim Clark. In March, it received another $10 million from Clark and Mohr Davidow Ventures. But the company also lost its chief executive that month and reduced its staff from 120 to 90 employees in its efforts to restructure the company and cut costs. In April, the company named Andy Wood, formerly CEO of Sevant, to head Shutterfly.