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  • 10.31.16

Giphy raises an additional $72 million as valuation soars

Many of the short, looping videos in your Twitter feed come from the same source: Giphy Inc., a gif search engine that has doubled in valuation over the last eight months. The New York-based media startup said today that it has raised an additional $72 million in new funding, on top of the $79 million it had raised prior. The cash infusion brings Giphy’s valuation to $600 million, up from the $300 million it garnered in February. 

As its loyal users might say: Good job, team. AH