Yammer Raises $25 million More from Investors
According to Peter Kafka at All Things D, Yammer—the Twitter for work—is looking at a rising sun this investment cycle,
Chatting at work is serious business for Yammer. The two-year-old start-up has raised a $25 million funding round led by U.S. Venture Partners, complementing the $15 million it has already raised to date. Yammer offers a social network for enterprise customers, and has plenty of competition from the likes of Salesforce’s Chatter, Socialcast, etc.
Ev Williams, the co-founder of Twitter, says that he spends more time on Yammer than he ever does Twitter. As a little workplace communication powerhouse allows for extremely niche conversations, which makes it ideal for the business. First there’s memos, then there’s e-mail, then there’s Yammer.
According to sources, this raises the startup’s total funding to $40 million.
It’s no surprise they’re growing so quickly. The social networking platform provides for a lot more than just microblogging and instant messaging but also polls, links, topics, ideas, and other meta-content contingent on how subscribers inherit and digest information from one another.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
