Twitter Valuation $3.7B After $200M Funding Round - InformationWeek
Infrastructure // PC & Servers
01:17 AM
Building Security for the IoT
Nov 09, 2017
In this webcast, experts discuss the most effective approaches to securing Internet-enabled system ...Read More>>

Twitter Valuation $3.7B After $200M Funding Round

Kleiner Perkins has reportedly led a fourth round of venture funding for the microblogging service that values the company at three times it's worth only months ago.

Twitter has a bulging financial war chest after Kleiner Perkins Caufield & Byers reported it led a $200 million fourth round of venture financing for the booming social networking phenomenon.

The new investment values Twitter at $3.7 billion, which is more than three times its value a few months ago. The new infusion of money means that the company can continue its aggressive hiring and that it won't have to float an IPO in the foreseeable future.

The investment is something of a departure for Kleiner Perkins, which has recently been focusing on alternative technology. It also represents a return to more mainstream technology investments, following its legendary success in investing in Google, Amazon, Genentech, Juniper Networks and Sun Microsystems, to name just a few of its successful investments.

Twitter's 140-character "tweets" have taken the social networking world by storm and there is a consensus among early users that its usefulness has just begun. Twitter also named Mike McCue and David Rosenblatt, successful entrepreneurs, to its board of directors. Former CEO of DoubleClick, Rosenblatt sold that company to Google for $3.2 billion. MCue sold voice recognition provider TellMe to Microsoft for $800 million. McCue has also been running Flipboard, a Kleiner Perkins investment that helps create magazine formats for Apple's iPad.

"We are privileged and excited to be the lead investor in Twitter's latest investment round," Kleiner Perkins said in an e-mailed statement to Bloomberg news. "We look forward to helping the company become the next great Internet treasure."

The investment follows close on the heels of the venture capital firm's naming Mary Meeker, Morgan Stanley Internet analyst, as a partner.


Skype Plans $100 Million IPO

Twitter Is About News, Not Social Media

Twitter Worm Spreading Through Google Link

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll