Twitter Valued at $3.7B in Latest Round of Funding, Raises $200M

Twitter has just closed its latest round of funding, bringing in $200M to expand its operations in the new year.

Announced on the Twitter blog late last night, Twitter said that the boost in funding would be used to hire two new board of director members, Mike McCue and David Rosenblatt, and that the money would be used to grow the company. They didn’t provide any specifics, but it’s likely that they’ll put that money towards Promoted Products, their advertising solution.