We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!

picture-213Twitter is closing in on another round, valuing the company at around $1 billion.

CEO Evan Williams recently told employees about the fundraising at an all-hands meeting, TechCrunch reported. The startup last raised $35 million in February from Institutional Venture Partners and Benchmark Capital, making a total of $55 million in investments.

The company and its investors didn’t immediately return calls for comment.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.