WebProNews

Twitter Secures One Billion Dollars In Funding

So it looks like Twitter has entered some rarefied air for sure. According to ReadWriteWeb and TechCrunch the micro-blogging juggernaut is moving into an exclusive club by securing a new round of funding ($50 million) based on a valuation of $1 billion (yup, it’s a b). No doubt, this will begin to stir the supporters and detractors alike.

Real-Time Search Engine Attracts $7 Million Funding

OneRiot, one of the real-time search engines whose name we keep hearing again and again has secured $7 million in Series C funding from Appian Ventures, Commonwealth Capital Ventures, and Spark Capital, the company’s existing venture capital firms. "This commitment from our existing investors is a big vote of confidence in the realtime search market, OneRiot’s product offering, and our team’s ability to execute," said Kimbal Musk, OneRiot’s CEO.

Third-Party Twitter Business Platform Raises $1.1 Million

CoTweet is a Twitter app, which is described as a real-time business collaboration platform for Twitter. It has also just raised $1.1 million in venture funding. The funding comes from Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments and Freestyle Capital. CoTweet is used by brands like Whole Foods, Starbucks, Microsoft, JetBlue, Ford, Pepsi, Sprint, and Coca-Cola.

Facebook Announces fbFund Developer Advisory Council

Although the popularity of some Facebook apps has been shaken up since the redesign, allowing for others to emerge, Facebook apps in general are still booming.

Steve Case's PayPal Rival Gets Big Funding

Revolution Money is an online payment company owned by AOL co-founder Steve Case.

Struggling SpiralFrog Raises $2 Million

SpiralFrog hasn't been doing so well, but $2 million can heal a lot of wounds, and the ad-supported, Web-based music service has raised this amount in funding.

Kosmix Takes In $10 Million In Funding

It may or may not be time to use the r-word, but even in a recession, money has to go somewhere, and $10 million has just found its way to Kosmix, the vertical search company.

56.com Finds $20 Million In Funding

In several areas, Google’s the hands-down, for-the-foreseeable-future winner in America.  But in China, that’s not the case, and so a new $20 million investment in video-sharing site 56.com seems like a decent use of money.

AdBrite Receives $23 Million In Funding

If we’re heading towards (or already in) a recession, it isn’t yet hurting online advertising much - AdBrite, which specializes in that field, just received $23 million in funding.

Youku.com Receives $25 Million In Funding

There’s seems to be some small, subtle thing that keeps Google from succeeding in China.  Unfortunately, I can’t identify it (the ability to do that is probably worth a lot of money).  But as further proof of its existence, a Chinese YouTube clone just received $25 million in funding.