Another photo company takeover
Originally posted on TechCrunch:
Photo app-maker Cooliris just announced that it has been acquired by Yahoo.
It’s been a long road to this exit. Cooliris was founded back in 2006 and was initially known for creating a “3D wall” for navigating photos and other media content.
It also created a platform for mobile ads called Adjitsu, which it sold to Singtel’s Amobee division last year.
More recently, the company focus shifted to a mobile app (also called Cooliris and with an interface reminiscent of the old 3D wall) that allowed users to browse photos from across services like Facebook, Flickr, and Dropbox. The team told me last year that it was seeing particularly rapid growth in Asia thanks to partnerships with companies like Renren, Yandex, and Baidu.
This summer, Cooliris also launched a photo messaging app called BeamIt.
The company has raised a total of $27.6 million in funding from investors…
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