Twitter Raises $35 Million In Funding
Twitter's amazing success lured even more investors: the micro-blogging site reported raising $ 35 million in funding from US venture capital firms Benchmark and Institutional Venture Partners.
February 16, 2009
Still, Twitter is surely up to something. Its growth reached amazing heights, thus making it the best moment to push forward new initiatives, as well as improving the current base:
“Active users have increased 900% in a year and even though our web traffic is amazing, we see twice that traffic to the APIs. Interacting with Twitter over SMS is also getting more popular every day. Our relatively small team of 29 employees has accomplished quite a bit lately but it's obvious that we have the world ahead of us,” writes Biz Stone, Twitter co-founder.
For the time being, the Twitter leadership is focused on enlarging the current team. Rumor has it that new data will spring up sometime in the near future.