Instagram To Raise $50 Million at a $500 Million Valuation
Android users aren’t the only ones climbing aboard the Instagram train this week. AllThingsD’s sources say that the company is closing in on $50 million in a round of Series B funding led by Sequoia Capital. This would raise the company’s valuation to $500 million.
Launched in March 2010, Instagram won the hearts of hipsters and other enemies of high-definition photography by applying vintage light filters to photos shot with smartphones. The mobile app had 30
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