Evernote Finds $70M

In a gigantic round, Mountain View-based Evernote said today that it has raised $70M in a new funding round, led by Meritech Capital and CBC Capital. The firm, which develops software which allows users to keep notes online and offline, about web pages, photos, and other items, said the funding will go towards product improvements, international expansion, and strategic acquisitions. Other investors in the round included T. Rowe Price Associates, Inc., Harbor Pacific Capital, Allen & Company, along with others. Evernote is headed by Phil Libin. The firm is looking to build a "hundred year startup" which will become "everyone's second brain". The firm has now raised over $160M in funding. More information »