Gifts Under $30 Gifts Under $50 iPhone Emergency SOS Saves Man MyHeritage 'Time Machine' Guardians of the Galaxy 3 Trailer White Bald Eagle Indiana Jones 5 Trailer Black Hole's 1,000 Trillion Suns
Want CNET to notify you of price drops and the latest stories?
No, thank you

Snapchat snags over $1.8B in funding

The extra surge in funds reportedly put the company's value near $20 billion.


Proving it has value beyond teens sending risqué images to each other, Snapchat has just secured $1.81 billion in funding.

While Snapchat hasn't officially disclosed its overall valuation, TechCrunch reports that the additional funds could put the value of the company at around $20 billion.

Snapchat's giant boost in funding comes amid worries that this new era of "unicorns," or high-valued startups, is near its peak.

Snapchat did not immediately respond to a request for comment.

Personally, I'm hoping that the extra funds will result in even more emojis I can stick on top of my face in videos.

This article also appears in Spanish. Read: Snapchat recibe inyección de US$1,810 millones