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THE NEWS WRAP: Secret raises $25 million

Tuesday, 15 July 2014 | By Kye White

Anonymous messaging app Secret has raised $25 million from a group of investors led by Index Ventures.


Sources tell the Wall Street Journal investors now value the company at $100 million.


It follows a valuation of $40 million just four months ago.


Secret was founded just nine months ago in San Francisco and it is likely among the fastest of any startup to reach a nine-figure valuation.


LinkedIn acquires Newsle


LinkedIn has announced it has acquired Newsle, a service that lets users important their contacts from Facebook or LinkedIn and scans the web to alert them whether anyone in their network has been mentioned on the web.


In a post on LinkedIn’s blog, the company says LinkedIn and Newsle share a common goal.


“We both want to provide professional insights that make you better at what you do,” it says.


“For example, knowing more about the people in your network – like when they’re mentioned in the news – can surface relevant insights that help you hit your next meeting with them out of the park.”


Google X director joins Amazon


Babak Parviz, Google X director and founder of the Google Glass and contact lens projects at the tech giant has left the company to join Amazon.