Wednesday, January 19, 2011

Qualcomm Boosts ChaCha

San Diego-based Qualcomm has made an investment in Indianapolis question and answer site ChaCha, ChaCha said Wednesday afternoon. According to ChaCha, it raised $3M in total funding, including $900,000 in outstanding warrants from Qualcomm Ventures, the venture capital arm of Qualcomm. ChaCha offers up an online question and answer site, which allows users to ask any question via the web or mobile SMS. The new investment from Qualcomm comes on top of a recent, October 2010 funding by vantagePoint Venture Partners and Rho Ventures. ChaCha said it has over 32 million unique users using its site a month. The Qualcomm funding bring's ChaCha's total raised to over $75 million. More information »

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