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"We know that the looming recession doesn't mean that all funding will immediately stop, but amidst the waves of layoffs and cautionary e-mails sent by VCs it's nice to see widget maker RockYou getting an additional 17 million dollars, which brings their C Round total to $52 Million.\nThis investment comes from Softbank, leading shareholder of Yahoo! Japan, and SK Telecom Ventures, the venture capital arm of SK Telecom; initial C Round investment of $35M was led by DCM. Put everything RockYou has amassed so far and you get an impressive number: 67 million dollars. \nTo put this into perspective, its competitor Slide raised $50M so far this year, Gigya raised $9.5 million in March, while Clearspring snagged $18M in May. \nRockYou will use the funds on several fronts. First, they'll open offices in New York, Los Angeles and Detroit. Furthermore, they plan to expand into Asia-Pacific market; SoftBank and RockYou will set up a new joint venture company to develop widgets for use on PCs and mobiles in the Japanese, Korean, Russian, and Chinese markets.\nFinally, they plan to grow the internal ad sales team (and this at a time where many companies are laying off people in that same department), as well as strengthen their Automotive, Retail and Entertainment specific application verticals. Recession? Meh, says RockYou."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2008/11/03/rockyou-17-million-funding/>