Fortune reports that Snapchat has acquired Toronto-based Bitstrip, the maker of personalized emojis (bitmojis), for roughly $100 million, according to one of the sources.
The bitmoji developer was founded in 2007 and in 2014 sharpened its focus on customized and shareable cartoon avatars. To get access to “bitmojis” users need to download an app, and choose from a variety of face shapes, skin colours and other features. The result can be put into different poses and be inserted into Gmail, Messenger, Slack or “virtually anywhere you communicate on the Web”, the website states.
At this point it is unclear what Snapchat’s plans are with the Canadian firm, but one possible option could be better integration within its messaging service. A Snapchat spokeswoman declined to comment, as did Bitstrip.
As pointed out by Fortune’s Dan Primack, the Toronto-based startup raised $11 million in venture capital funding from firms such as Horizons Ventures and Kleiner Perkins Caufield & Byers.
Other articles in the category: News
Apple Airtags Are Being Used by the U.S. Drug Enforcement Agency
The DEA used an AirTag to track a couple of packages that border agents suspected were on their way to an illegal narcotics manufacturer
ChatGPT Expands Capabilities with New Plugin Rollout
In an effort to continuously improve the user experience, ChatGPT is adopting an iterative deployment strategy by gradually introducing plugins. This approach allows the development team to study real-world usage, impact, and challenges related to safety and alignment, all of which are essential for achieving their mission--to ensure that artificial general intelligence benefits all of...
Twitter Blue Now Available Globally on iOS, Android and the Web
Twitter Blue, the premium subscription service from Twitter, is now available globally, offering subscribers an enhanced and personalized experience on the platform. The service is accessible through the web, iOS, and Android, although not all features are available on every platform. At the price of $8 USD/month or $84 USD per year on the web,...