Instagram Raises $7 Million and Hits 1.75 Million Users

Posted Feb 2, 2011

Instagram is a photo editing iPhone application that lets you add filters to the snapshots that you take. Instagram has hit 1.75 million users and they have seen about 290,000 photo uploads per day. The company has raised $7 million in funding from Benchmark Capital and individual investors such as Jack Dorsey, Chris Sacca, and Adam D’Angelo. [BusinessInsider]