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Snapchat Adds $4.5M More To $50M Round

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Venice, California-based Snapchat , the developer of the popular social media app, has added $4.5M snapchat venture capital filing social media mobile' in venture funding--and three new investors--as part of its Series C funding round, according to a regulatory filing by the company today. READ MORE>>.

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Snapchat Steals Away Engineering Director From Google

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Venice, California-based social media app developer Snapchat has made a significant, high visibility hire, saying this week that it has hired Peter Magnusson, a former engineering director from Google, as its new Vice President of Engineering. The high profile hire comes as Snapchat ramps its recruiting efforts.

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Snapchat Targets News Discovery With Discover Feature

socalTECH

Venice, California-based Snapchat --already an indispensable communications tool for the always-on, mobile generation--is looking to become an even more important part of its user''s lives, with a new feature it calls Discover. publishing publisher discovery socialmedia media social information news snapchat' READ MORE>>.

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Snapchat Settles With Reggie Brown Over Idea For Startup

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Venice, California-based Snapchat said Tuesday that it has settled a dispute with Reggie Brown , the fellow Stanford University student who had claimed that he came up with the idea for Snapchat. snapchat lawsuit reggie brown legal settlement social media' READ MORE>>. Terms of the settlement were not disclosed.

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Snapchat Sees Massive Image Leak, Blames Third Party Apps

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Venice-based Snapchat is facing another big crisis Friday, as word spread that at least 100,000 compromising, Snapchat photos and videos have been leaked to online hacking sites. The company said that Snapchat''s servers "were never breached and were not the source of these leaks." READ MORE>>.

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Report: Snapchat Buys Cimagine Media

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Venice-based Snap, Inc. , the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. Cimaging Media develops augmented reality technology. The deal is reportedly worth between $30M and $40M. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012.

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Snapchat Debuts Headspace Meditation Tool

socalTECH

Venice, California-based Snapchat has debuted the new meditation features that it developed with Los Angeles-based Headspace this morning, the new meditation-with-friends feature that the company announced at its Partner Summit in June. Snapchat showed off how those "mini" features would work at its Partner Summit in June.