Join Transform 2021 this July 12-16. Register for the AI event of the year.


Animated GIF search engine Giphy has taken in $55 million in funding, setting its valuation at $300 million, the company announced today.

giphy

Giphy’s latest round was led by Lightspeed Venture Partners, while General Catalyst Partners, RRE, and Betaworks followed.

The company isn’t trying monetize itself yet, as TechCrunch points out, but the company has expanded beyond GIF searching with a GIF-making app called Giphy Cam and a tie-in with Facebook Messenger.

We’re not sure what’s to come for Giphy as investors appear to grow more cautious amid a “tech correction.”

VentureBeat

VentureBeat'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
Become a member