Twitter acquires Sphere group chat app
London, October 22 (IANS): In an effort to strengthen its communities, microblogging site Twitter has acquired a chat app called Sphere, co-founded by British serial entrepreneur Nick D’Aloisio.
Incorporated in 2016, Sphere began as a real-time question and answer app that involved micropayments before becoming a group chat app, CNBC reported.
Between 2017 and 2019, he raised around $ 30 million from investors including Index Ventures, Airbnb co-founder Brian Chesky, Tinder co-founder Sean Rad and Sequoia venture capitalist Mike Moritz.
“It’s really important and necessary to have an impact to partner with the right companies at the right time that have similar visions and ideas,” D’Aloisio told CNBC.
About 500,000 people used the first version of the app, D’Aloisio said, but declined to comment on the latest user counts.
Terms of the deal, which was announced on Wednesday and will see around 20 Sphere employees join Twitter, were not disclosed. But D’Aloisio said “everyone is happy”.
Sphere said in a blog post that it was “ending” its stand-alone product in November following the acquisition.
“Obviously, Sphere was our own thing and it’s no longer relevant to what Twitter is trying to achieve,” D’Aloisio said.
The entrepreneur added that he and his team would work alongside Twitter employees to try to take the “vision” they had at Sphere and “integrate it into various parts” of Twitter.
Nick Caldwell, vice president of engineering at Twitter, announced the acquisition of Sphere through his company’s social network.
“The expertise of the Sphere team and the passion for leadership in finding ways to help people connect will help accelerate our roadmaps for communities, DMs and creators,” he said. .