Evernote raises $4.5M more for memory software
Evernote, the online productivity application that uses pictures, notes and other memory aids to ease information overload, has raised $4.5 million more for development and marketing of its product.
Although it began as a computer application, Evernote has been steadily expanding its support for other devices. However, its core functionality is the ability to organize life’s many tidbits of information.
For example, a user who took a picture of a restaurant receipt with his cell-phone could search for the name of the restaurant or the day of the transaction to find it again, via the program’s image recognition abilities. We’ve written more previously about Evernote’s uses.
This round appears to have shrunk considerably below what the company was seeking, likely due in part to the recession; chief executive Phil Libin told us in mid-2008 that Evernote was on the hunt for up to $12 million; according to TechCrunch, it may yet search for more. Russian firm Troika Capital Partners led the funding. The Sunnyvale, Calif. company previously took $6 million from angel investors.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.