Facebook Acquires Technology Platform Company Chai Labs

Posted Aug 15, 2010

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.

[AllThingsD]