Gnip

Last updated
Gnip, Inc.
Available inEnglish
Founded2008
Headquarters Boulder, Colorado, United States
Area servedWorldwide
Founder(s) Jud Valeski and Eric Marcoullier
Industry Social Media API Aggregation
URL www.gnip.com

Gnip, Inc. was a social media API aggregation company that was purchased by Twitter in 2014. Headquartered in Boulder, Colorado, it provided data from dozens of social media websites via a single API. Gnip was among the first social media API aggregation services.

Gnip is known as an early influencer in building the real-time web. [1] The company has also been instrumental in defining relevant web standards: Gnip's co-founder Eric Marcoullier actively advocated for adoption of open web standards, and helped define the new Activity Streams format for web data.

Subsequent to a 2010 data licensing agreement with Twitter Inc, Twitter purchased Gnip in April 2014. [2]

History

Gnip was founded by Jud Valeski and Eric Marcoullier with an initial investment of $1 million. [3] The company was based on the premise that collecting data from many social APIs simultaneously is tedious and time-consuming. It dubbed itself the "Grand Central Station for the Social Web" shortly after launch. [1] Although the company launched with just a few basic features such as notifications, [4] the product was designed to act as an intermediary to simplify the collection of social media data. [5] The company used the tagline "making data portability suck less." [6]

By the end of 2008, Gnip had raised $3.5 million in Series B funding from investors such as the Foundry Group and First Round Capital. [7] [8] The service was used for projects like collecting huge volumes of data for analyzing Twitter clients. [9]

In 2009, Gnip launched a Push API. [10] In September, Gnip underwent a significant product overhaul accompanied by an internal restructuring of resources. [11]

In 2010, Gnip launched their new and revised social media data collection product [12] and released a manual describing use cases and significance of Twitter Inc's streaming API. [13] Gnip's sources included Twitter, Facebook, YouTube, Flickr, Google Buzz, Vimeo, and others. [14]

In April 2014, Gnip was acquired by Twitter for $134.1 million in mostly cash and some stock. [15]

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References

  1. 1 2 "Gnip: Grand Central Station for the Social Web". readwriteweb.com. Archived from the original on 2013-02-01. Retrieved 2017-09-16.
  2. ↑ Shih, Gerry; Mukherjee, Supantha (15 April 2014). "Twitter buys social data provider Gnip, stock soars". Reuters. Retrieved 2017-09-16.
  3. ↑ "MyBlogLog Founder To Launch New Startup Gnip With $1 Million In Funding". TechCrunch . 14 March 2008. Retrieved 2017-09-16.
  4. ↑ Lowensohn, Josh (July 1, 2008). "Gnip to bridge the data divide for noisy Web services". CNET . Archived 2012-07-12 at archive.today . Retrieved 2017-09-16.
  5. ↑ "Gnip 2.0 Launches, With A Business Model". TechCrunch. October 2008. Retrieved 2017-09-16.
  6. ↑ "Gnip is Ping Spelled Backwards". Foundry Group. July 2008. Retrieved 2017-09-16.
  7. ↑ "Gnip Raises $3.5 Million". gigaom.com. Retrieved 2017-09-16.
  8. ↑ Eldon, Eric (4 November 2008). "Data-sharing service Gnip raises $3.5 million". VentureBeat . Retrieved 2017-09-16.
  9. ↑ Top Twitter Clients Revealed Archived June 25, 2010, at the Wayback Machine
  10. ↑ "Gnip Launches Push API To Create Real-Time Stream Of Business Data". TechCrunch. 9 July 2009. Retrieved 2017-09-16.
  11. ↑ "Gnip Clips 60 Percent Of Staff". TechCrunch. 28 September 2009.
  12. ↑ "The Best SLA I've Seen In A While - Feld Thoughts". feld.com. 25 March 2010. Retrieved 2017-09-16.
  13. ↑ "Gnip's Manual On The Twitter Streaming API". TechCrunch. Retrieved 2017-09-16.
  14. ↑ "Gnip - Sources". gnip.com. Retrieved 2017-09-16.
  15. ↑ Koh, Yoree (11 August 2014). "Twitter Paid $134 Million for Data Partner Gnip - Digits". Wall Street Journal . Retrieved 2017-09-16.
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