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Evernote Gets $4.5 Million in Extra Cash

Jan 9, 2009 | 0 Comments |
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By: Senior staff writer – Easton Ellsworth

Popular online note and item organization service Evernote has just raised $4.5 million in an additional round of funding.

Evernote has received rave reviews all over the Web for its easy-to-use system that enables members to remember and sort information from just about anywhere.

For example, you can snap a photo on your mobile phone and save it to Evernote for safe-keeping. You can then hop on your desktop or laptop computer, connect to the Evernote service and see that same photo. Got a Windows computer and a Mac? That’s fine – Evernote plays nice with both operating systems.

Perhaps the greatest feature for sloppy writers is Evernote’s advanced text recognition capability. You can feed that photo we just mentioned into Evernote and it will automatically identify whatever text may appear in the image. That way you can search for, say, all pictures of you wearing that “Don’t Worry, Be Happy” T-shirt (ouch – there’s 123?).

Troika Dialog, a Russian investor firm, led this last round of $.5 million in financing for Evernote. The CEO of Evernote, Phil Libin, says he believes the current levels of funding will see the company through 2010.

As long as Evernote stays just a bit ahead of the competition in terms of ease of use and robustness, I think they’ll stick around for a long time.



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