Twitter Gets Its Funding!

Twitter has announced the new investors that they have accepted funding from: Bijan Sabet of Spark Capital and Jeff Bezos of Bezos Expeditions (as well as CEO of Amazon). How much have they raised exactly? They haven’t said but Om Malik previously speculated that the amount was $15 million.

In their announcement blog post, Biz Stone suggests that they will soon have a sustainable business model for the company. No company has been able to figure out a way to monetize microblogging so far but apparently there is something in the works. With Jeff Bezos as an investor I’d imagine Amazon S3 ad EC2 handling some of the scaling issues for the company.

That’s one of the primary reasons Bezos invested in Animoto, a company which today announced they have now expanded their service offerings for businesses. It will be interesting to see if this team can pull off the impossible before everyone runs off to Plurk. Ok, maybe that won’t happen but the company definitely has a challenging road ahead. Congratulations to the Twitter team and good luck on building a more powerful product!