Evernote has raised yet another funding round, $70 million on top of the $96 million it previously raised in several rounds. CEO Phil Libin confirms that the funding puts Evernote at a $1 billion valuation and prepares the company for IPO.
In a blog post announcing the funding, Libin reiterates his goal to build a "hundred year startup that can be everyone's second brain." He says the funding will be used for expansion, acquisitions, increasing the pace of product improvements, and international expansion. It's "not because we need the money to fund operations," he … Read more