In related news, Flipboard’s iOS app was updated this morning with a few tweaks and improvements: Yahoo and Google were both rumored to be sniffing around, and so was Twitter. Pundits had been speculating for over 6 months now that Flipboard might instead be acquired by a tech company with deeper pockets. This a bold move for a company facing new competition from Apple News, which is due out with iOS 9. The funding round had been previously reported by Techcrunch, which said (based on DE state filings) that the funds had probably been raised in June. Flipboard had previously raised $160 million in four funding rounds. "We’ll use the funds to expand our engineering and sales teams as well as increase investment in infrastructure to support the growing number of readers and curators on Flipboard." "I can confirm that we closed a $50 million round with a new institutional investor," a spokesperson wrote in an email. The news aggregator told VentureBeat Wednesday that it had raised $50 million in a new capital funding round. Some would quake at the thought of having both Facebook and Apple as competitors, but not Flipboard. Flipboard Raises $50 Million, Releases Updated App for iPad, iPhone
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