Snapchat Memories Allows Users to Store Pictures
Despite being known for disappearing pictures and videos, Snapchat’s new “memories” feature will allow users to store images and “stories,” a kind of in-app slide show, reports Bloomberg. Via the new memories feature, users can share their stories through personal messages, re-edit pictures to add different captions and graphics, or put content in a separate password-protected folder.
OpenMail Buys Infospace for $45M
Email marketing-services company OpenMail of Venice has agreed to purchase search engine InfoSpace for $45 million in cash, reports the L.A. Business Journal. Infospace is a division of Blucora of Bellevue, Wash., a financial software developer. The transaction is expected to close in the third quarter of this year and Infospace’s 100 employees will join OpenMail.
Blockchain Identity Startup Netki Raises $3.5M
Digital-identity startup Netki has raised $3.5 million in a seed round led by O’Reilly AlphaTech Ventures with participation from other investors including Donuts, The Husseini Group, Digital Currency Group, and Base Ventures, reports Coin Desk. The funds will be used to further develop the company’s blockchain technology and hire additional staff.
Interior Design App Homee Raises $5M
Interior design app Homee of West Hollywood has raised a $5 million seed round, according to a press release. The app connects users with interior designers and helps visualize how certain pieces of furniture, which can be purchased within the app, would look within a room.
SGN Buys TinyCo
Culver City mobile-game maker SGN has acquired San Francisco’s TinyCo, which makes Hollywood franchises such as “Marvel Avengers Academy,” for an undisclosed amount, reports Variety. TinyCo is projected to generate $100 million in revenue this year, which would bring SGN’s revenue run rate this year to nearly $500 million, according the companies.
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