AOL Acquires Photo-Sharing App Hipster

Posted Mar 15, 2012

AOL has acquired Hipster and their five-person team will be working at the company’s mobile team in Palo Alto, California. They will be reporting to Sol Lipman. Hipster CEO Doug Ludlow will be the director of mobile product management. Hipster will not be shut down.

?The culture that Sol, David, and the team have created over at the AOL Mobile Team in Palo Alto is pretty amazing ? it?s a group of people we can?t wait to starting building cool stuff with,? stated Ludlow. ?We?re also thrilled that Hipster is not only going to stay open as a product, but we?ll now be able to improve it / build even faster.?

Hipster raised $1 million in funding from these investors:
Mitch Kapor
Max Ventilla
David Tisch
Don Dodge
Paige Craig
Google Ventures
Charles River Ventures
Lerer Ventures
Ludlow Ventures
500 Startups
David G. Cohen