Twitter Is Funding A New MIT Lab For ‘Social Machines’

The MIT Media Lab announced that it has secured a five-year, $10 million investment from Twitter, which will provide access to its real-time, public steam of tweets as well as the archive of every tweet all the way back to…

Reddit Raises New $50 Million Round Of Funding

Reddit said on Tuesday that it has closed a new $50 million round of outside funding led by Y Combinator President Sam Altman with participation from Sequoia Capital’s Alfred Lin and Andreessen Horowitz’s Marc Andreessen. Other investors mentioned further down…

Google Capital Backs InnoLight, Its 9th Company

Google Capital, along with Lightspeed China Partners, co-led a Series C round of funding totaling $38 million into InnoLight Technology, according to a new report from The Wall Street Journal. This would be Google Capital’s first investment in China. InnoLight…

Snapchat’s $10 Billion Valuation ‘Not Absurd’ Says Twitter CEO

Reacting to the news that ephemeral messaging app Snapchat was moving fast toward a $20 million investment from Kleiner Perkins at a $10 billion valuation, Twitter CEO Dick Costolo is defending it – calling it “not absurd.” “Crazy growth, clear…

Google Capital Backs Thumbtack, Its 8th Company

Google Capital is leading a $100 million series D round of funding in Thumbtack, a service that is described as helping people “accomplish the personal projects that are central to their lives”. Also contributing to the funding are past investors…

Snapchat Is Apparently Worth $10 Billion

Snapchat has been reported as the fastest-growing social app. It’s inspired an absolutely pointless ripoff from a huge international company. It’s so popular among teens that it’s making them lose their frickin’ minds. But is it really worth $10 billion?…

Uber Is Now a $17B Company After Latest Funding

On-demand car service Uber has just announced a massive $1.2 billion injection from “some of the leading investors in the world,” which values the company at $17 billion (not counting what they already have in the war chest). With that…

Here’s Why Pinterest’s New Funding Is Good News For Your Business

Pinterest has reportedly raised a new $200 million round of funding, valuing the company at $5 billion. Investors are apparently impressed with the direction the already popular visual social media site is taking, which includes new native ads and enhancements…

Imgur CEO Talks Plans For New Funding, Relationship With Reddit [Exclusive]

Imgur announced this morning that it has raised $40 million in a series A round of funding led by Andreessen Horowitz. General partner, Lars Dalgaard will take a Board of Directors seat with the company. Reddit, which gives Imgur more…

Jeff Bezos And Others Give Business Insider $12 Million

Business Insider announced on Wednesday that it has raised a new $12 million round of funding from existing investors including Amazon CEO Jeff Bezos. Others include IVP, RRE, and Gordon Crovitz. According to CEO Henry Blodget, Business Insider will use…