Monday, 10 March 2014

$10 M Fund Valued Secret To $50M Valuation

The boozy app Secret is an Information system, on which user can post their messages to the circle of contacts without any sign in or ascription—yesterday announces $10 M round of funding with post money valuation, sources detected that funding comes from Google Ventures, with participation also from KPCB. Secret launched in end of the January, among several other apps like Whisper, Wickr, Confide, Telegram and more, few of them are concerned about user privacy and make encryption tools to protect user from sneaky ways of NSA and FBI. The app is currently available on App store for iOs devices in U.S. and Canada and 16th on the list of highest ranking in social networking category over all 130 from App Annie.

The owners David Byttow and ChrysBader-Wechseler said “The idea behind the app was to create a forum where people can feel free to speak their minds about one thing or another that a social network with more identification and accountability like Facebook or Twitter may hinder*, for fun but maybe also just to get a point across. Anonymous feedback, in other words, But Secret can also be mean-spirited, in the way that anonymous messaging often leads to. PostSecret killed off its own app in 2012after developers found it impossible to manage the malicious posts”

Secret has built a lot of attention around SXSW conference in Austin, that’s because people were searching for thenext big thing coming out from Twitter and Foursquare. They integrated social sharing of thoughts nearby gossip to the app as well as online chat dedicated to SXSW, which anyone can access and see the updates of the people there. Since then App the growing more and more and focused around your saved contacts because it uses them as a user name to connect people. Also location based chat, cross posting and lots of other feature which made it a next big thing.

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