Twitter Confirms Significant Round of Funding

Jennifer Van Grove

Twitter has confirmed Tuesday that it has raised a "significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors."

The announcement comes just weeks after rumors suggested that Twitter was in the process of raising $800 million in funding at an $8 billion valuation.

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In a post on the company's blog, Twitter talks about expanding the company's reach with the new funding. "We will use these resources to aggressively innovate, hire more great people and invest in international expansion," the company says.

The company, however, does not disclose the size of the round, its current valuation or whether it will cash out early employees and investors, as suggested by earlier reports.

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A Twitter spokesperson declined to comment further on the funding round.

More to come...

This story originally published on Mashable here.