Twitter Influence Measurement Company Klout Raises $1.5 Million

Klout, a company that measures the influence on Twitter users has raised $1.5 million in Series A from Allen Morgan (Mayfield Fund), Paige Craig, Nova Spivack (Lucid Ventures), Zelkova Ventures, Tom McInerney, Michael Yavonditte (Quigo Technologies), and Ofer Ronan.

Klout recently launched an API uses a certain algorithm to measure the influence of individuals on Twitter. Klout launched in 2008 and has about 250,000 users and 300 API partners. CoTweet, HootSuite, and Tweetup are working with Klout through the API. The company is handling millions of API calls every day according to TechCrunch. Klout plans to use the funding to scale product development. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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