A couple of hours ago, photo-app maker startup CoolIris announced (via TechCrunch) that it has been acquired by Yahoo. Cool Iris is majorly known for creating the 3D Wall for photo and media navigation.
Announcing the acquisition on its website, CoolIris says,
Yahoo has a clear vision and unwavering commitment to making mobile an intuitive and effortless experience. This makes Yahoo the perfect partner for Cooliris, and we are excited to come together to bring indispensable products to a worldwide audience.
CoolIris isn’t new to the start-up scene. The company has had the tag of start-up for over half a decade now, and its first big break has arrived now, with this Yahoo acquisition.
As per data from TechCrunch, the company has so far raised a total of $27.6 million in funding from investors including Kleiner Perkins Caufield & Byers, Deutsche Telekom’s T-Venture, The Westly Group, and DAG Ventures.
CoolIris recently launched a new photo messaging app called BeamIt. Although similar to other messaging apps out there, the major differentiating point about Beamit is its capability to share photos in the highest possible resolutions.
The company has announced that Cooliris for Mobile and BeamIt Messenger will continue to work as usual for the time being.
