Professional social media site,, gets $40 million for funding

December 1, 2010 § Leave a comment

Yammer Logo

As if Facebook, Twitter, Tumblr, Myspace, and other social media sites weren’t enough to keep track of, another social media website has is gaining notoriety . Contrary to the other sites, though, is not completely free and it has a a particular target audience and purpose: communicating within a business or corporation.

Yammer has been called Twitter for businesses. It has microblogging, direct messaging, profiles, groups and more. Yet, each of those things is geared towards the professional level.

Yammer is revolutionizing internal corporate communications by bringing together all of a company’s employees inside a private and secure enterprise social network. Although Yammer is as easy to use as consumer products like Facebook or Twitter, its enterprise-grade software is built from the ground up to drive business objectives.

Yammer enables users to communicate, collaborate, and share more easily and efficiently than ever before. It reduces the need for meetings, increases communication across silos, surfaces pockets of expertise and connects remote workers. “About” section

Launched in Sept. 2008 at the TechCrunch50 conference, Yammer has been in the news lately because in September, Yammer 2.0 was released with new features that allowed co-workers to create and send out events, share URLs in conversations and allows company manager to track traffic in their network.Also, Yammer has just recently secured $25 million in funding which means that the companies total funding is $40 million, according to

Yammer is directed at a particular audience, it’s users are made up of 80% of the companies in The Fortune 500 and according to their website is used by over 100,000 companies.

Signing up for Yammer is free for the basic website for employees. If a company wanted to add other controls such as custom branding, data export and more, there is a fee per company user ($3 or $5 depending).



Tagged: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

What’s this?

You are currently reading Professional social media site,, gets $40 million for funding at The Stony Brook Early Bird.


%d bloggers like this: