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

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 2012-10-08. Retrieved 2017-09-16.
  2. ↑ Gerry Shih and Supantha Mukherjee (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. ↑ "Gnip to bridge the data divide for noisy Web services". CNET. 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. ↑ "Gigaom | Gnip Raises $3.5 Million". gigaom.com. Retrieved 2017-09-16.
  8. ↑ "Data-sharing service Gnip raises $3.5 million | VentureBeat || by Eric Eldon". venturebeat.com. 4 November 2008. 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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