Pinterest Valued at $11 Billion After Latest Funding Round

Features Reuters

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday.

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The amount raised values the company at $11 billion, The Wall Street Journal reported.

The current round of funding is expected to close in a few weeks, the paper said, citing an unnamed person familiar with the matter.

(Reporting by Ann Saphir)