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Izone International: Twitter acquires funding for expansion

Izone International: Twitter acquires funding for expansion

Author | Shubhi Tandon | Wednesday, Aug 03,2011 9:18 AM

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Izone International: Twitter acquires funding for expansion

Microblogging website Twitter revealed on Tuesday that it has acquired ‘significant’ funding from Russian venture firm Digital Sky Technologies (DST) Global.

Though it did not reveal the amount, the company’s official blog revealed that, “We have an opportunity to expand Twitter’s reach with a significant round of funding led by venture firm DST Global, with the participation of several of our existing investors.”

“We will use these resources to aggressively innovate, hire more great people, and invest in international expansion,” the blog added.

In the preceding blog post, Twitter also announced its launch in Dutch and Indonesian languages. In an attempt to increase its services and engage better with users, Twitter started launching itself in languages other than English in 2008, with a Japanese version. It can now be used in total of 11 languages. It plans to launch a Filipino and Malay version next.

Twitter also recently launched a feature to attract businesses on the website called Promoted Tweets.

 

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