December 5th, 2007

MyStrands lands $24 million in funding

Yesterday, Corvallis, Oregon, based MyStrands announced that they have secured an additional $24 million in funding, increasing the total capital raised by the company to $55 million. The round, led by Spanish bank Grupo BBVA, is slated primarily for continued research & development and product development.

This round of funding has been covered by TechCrunch and Profy, among others. [Update] And I’ll sheepishly add Portland’s Marshall Kirkpatrick’s coverage of the MyStrands’ funding from Read/Write Web. (I didn’t see it in the trackbacks, I swear! And, seriously, have you ever seen that many possessives in one sentence? I mean, really?)

MyStrands develops technologies to better understand people’s taste and help them discover things they like and didn’t know about. MyStrands has created a social recommender engine that is able to provide real-time recommendations of products and services through computers, mobile phones and other Internet-connected devices. For more information, see MyStrands.

(Hat tip Brooks Jordan)

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