Pinterest Just Raised Another $150 Million, Putting Its Value at $12.3 Billion
Visual search technology will benefit, as will global expansion
Pinterest announced Tuesday that it raised $150 million in capital from existing investors, valuing the company at $12.3 billion.
The additional capital will be used to make further investments in visual search technology and global expansion, Pinterest said in an email to Social Pro Daily, adding more specific details:
- Advance computer vision in first-of-its-kind products like Lens camera search to make Pinterest the starting place for any visual search on mobile and web. Mobile search on Pinterest has increased 40 percent year over year.
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