Tonight they are announcing their new CEO – former Cisco and Adobe exec Eugene Lee. Founder and former CEO Ross Mayfield becomes Chairman and President of the company. The company is also announcing a $6.5 million second tranche of its Series C funding ($3 million was announced in May 2007). The company has now raised a total of $14.1 million.
13 TechCrunch stories you don’t want to miss this week| Anna Escher
Applications are open for Startup Battlefield at Disrupt SF 2016!| Sam O'Keefe, Matthew Panzarino
Apple is ‘working rapidly’ to launch Apple Pay in more countries in Asia and Europe| Jon Russell
Facebook starts selling offsite ads targeting non-users too| Jon Russell, Josh Constine