The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Neither company would comment for the TechCrunch story. Thing Labs chief executive Jason Shellen, who took to Twitter in July to deny rumors of an acquisition by Foursquare, hasn’t said anything on the microblogging service about the new rumors, either. (I’m trying to reach Shellen myself and will update in the off-chance that I hear back.)
The deal is reportedly in “the low eight figure range” (that’s low tens of millions, if you’re having trouble with the math). The startup was raised more than $2 million from Polaris Venture Partners, SoftTechVC, angel investor Ron Conway, and others, and it was incubated at Polaris’ Dogpatch Labs office in San Francisco.
It’s not clear how the acquisition fits into AOL’s larger plans. The online media company is still in the midst of an effort to revamp itself after falling far from its ’90s heights, most recently with the development of bigger, splashier ads. The Brizzly app may provide a way for AOL to brings its advertising efforts into the social networking world, and with Brizzly iPhone app it could move into mobile as well. AOL acquired mobile application company Rally Up last month.
Thing Labs previously sold its application Plinky to WordPress-maker Automattic.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more