Gnip Raises $3.5 Million

[qi:101] Gnip, a Boulder, Colo.-based company started by Eric Marcoullier, has raised $3.5 million in Series B funding. The investors in the round include Foundry Group, First Round Capital and SoftTech VC, all previous investors in the company. Marcoullier previously started MyBlogLog and subsequently sold it to Yahoo. Gnip makes it easy for companies such as Twitter to put out large amount of real-time data and distribute it to multiple sources without overwhelming their resources. I video interviewed Eric earlier this year and he describes what Gnip does, how it works and why he started the company.