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Gnip Inc Announces $3.5 Million Second Round of Funding

Gnip Inc (Business Wire) - 04 November 2008

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Gnip, Inc. Announces $3.5 Million Second Round of Funding

Customers and Partners Embrace the Gnip On-Demand Extensible Messaging Platform

BOULDER, Colo.--(BUSINESS WIRE)--Gnip, an on-demand extensible messaging solution that is standardizing the way companies access and integrate the webs data, today announced that it has closed a second round of financing. The investors in this $3.5 million round include Foundry Group, First Round Capital and SoftTech VC, all of whom also participated in Gnips initial seed round earlier this year.

Gnip will leverage its new funding to invest in the further development of its extensible messaging platform, to deliver new products and to develop additional partnerships where companies are building applications that benefit from the ability to easily access, filter and integrate business and social data from across the Internet. Learn more about Gnip, Inc. at http://www.gnipcentral.com.

Standardizing and delivering the web's data

The Internet has always been social, and with the explosion of user-generated content and a corresponding growth in open web APIs there is an ever expanding amount of business and social data available that has been implemented in a vacuum using different markup, formats and protocols. Whether developers are trying to build a more dynamic social web experience or trying to integrate activity stream events and content into a custom web application Gnip provides a universal messaging backbone that makes it easy to access, filter and integrate data to build compelling business and social applications.

"Gnip provides a consistent and easy-to-implement interface for getting data from a variety of providers," said Joseph Smarr, Chief Platform Architect, Plaxo, "We recently updated Plaxo Pulse using Gnip and have seen significant improvements; by moving from polling to pushing we get updates dramatically faster while simultaneously lowering the load on our servers and the services we crawl. It's great to let Gnip worry about getting us the data while we focus on how to best present it to our users, and what new features to add on top of it."

"The YQL platform provides a single endpoint service that enables developers to query, filter and combine data across Yahoo! and beyond," said Jonathan Trevor, YQL Lead, Yahoo!, Inc. "Gnip is a perfect example of an enabling third-party service to include in the YQL table set since it provides a common interface to easily access, filter and post data from multiple web APIs and feeds of the most popular social media sites in use across the Internet."

We are very excited to work with customers and partners from across the industry to make it drop dead easy to help developers get the business and social data they need, when and where they need it, said Eric Marcoullier, CEO and Founder, Gnip, Inc. This new round of funding will be used to expand the breadth of solutions we can bring to market and allows us to aggressively expand the solution and content providers that are pre-integrated with the Gnip on-demand messaging platform.

About Gnip

Gnip is standardizing the way companies access and integrate the web's data. Using Gnip's on-demand extensible messaging platform companies can simplify how they access and integrate business and social data from across the Internet. Gnip makes it easy to access, filter and integrate the webs data that companies are now using as the basis for providing compelling business and social applications. Find out more at http://www.gnipcentral.com/.

Contacts

Gnip, Inc.
Shane Pearson, 303-997-7488
shane@gnipcentral.com
http://www.gnipcentral.com/

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