Social news and entertainment company BuzzFeed acquired New York-based startup Torando Labs.
The amount of the transaction, which follows BuzzFeed’s strategic vision to invest in technology and its ongoing plans to incubate and acquire new companies and technologies, was not disclosed.
Torando Labs’ team will help BuzzFeed further build its data infrastructure tools. CEO Todd Levy will lead a new data engineering team as VP of Data Engineering. Also joining are CTO Matt Reiferson and software engineers Taylor Baldwin and Will McCutchen.
Backed by Andreessen Horowitz, New Enterprise Associates, Hearst Media and RRE Ventures, BuzzFeed is a social news site which provides shareable breaking news, original reporting, entertainment and video to a global audience of 150M.
FinSMEs
29/10/2014