Wednesday, October 3, 2012
1000memories Acquired By Ancestry.com
San Francisco-based 1000memories, which operates an online site focused on scanning and organizing old photos, has been acquired by Ancestry.com, the Provo, Utah-based family history website. Financial terms oft he buy were not disclosed. 1000memories was venture backed by Greylock Partners, Y Combinator, Paul Buccheit, SV Angel, Caterina Fake, Elad Gil, Ben Ling, Keith Rabois, Floodgate, Chris Sacca, Mariam Naficy, Aydin Senkut, and Babak Yazdani. The firm was co-founded by Rudy Adler and Brett Huneycutt.