Twitter, the service that wisely restricts blog posts to 140 characters or less, has finished its much-anticipated third-round VC funding.
That’s 139 characters, so I should stop right there. Except to tell you that Jeff Bezos, Amazon founder, is now an investor, as is Spark Capital, the Boston VC firm, whose Bijan Sabet will take a perch on Twitter’s board.
Existing investors – New York’s Union Square Ventures and Tokyo-based Digital Garage – also took part in the round, but no figures or valuation for the company were revealed.
Twitter has suffered significant downtime of late as its popularity has grown. Biz Stone, co-founder, stated in a blog note that the funding would help the company focus on its infrastructure to make Twitter “reliable and robust”.
Revenues and profitability would have to wait until Twitter had reached its vision of becoming a “global communication utility,” he said.
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