Facebook Acquires Technology Platform Company Chai Labs
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Facebook has acquired Chai Labs, a technology platform company where publishers can easily create search-friendly websites. Chai Labs customers include NBC Local, Associated Content, and Travel Ad Network. The acquisition price is rumored to be about $10 million.
Chai Labs was founded by Gokul Rajaram, who was an executive with Google AdSense before that. Chai Labs raised about $2.4 million in funding. Chai Labs advisors include Marc Andreessen, Reid Hoffman, and Joe Kraus. The three advisors were also angel investors in the company.