Pandora Raises $35 Million After Securing Long Term Survival

Clearing its legal troubles, Internet radio site Pandora has raised a huge amount of money, reports TechCrunch.

With its potential troubles behind it, having reached a deal to stream music while staying afloat financially, it looks like Pandora is getting flush with cash. The Internet streaming radio service has raised a new $35 million round of funding, multiple sources told peHUB earlier, and we’ve just confirmed the round with the company.

Pandora is being mum on the huge number, but is saying that Greylock Partners led the round and that Greylock partner David Sze will be joining Pandora’s board. Greylock joins existing investors Crosslink Capital, Walden Venture Capital, Labrador Ventures, King Street Capital, Hearst Corporation, DBL Investors, and Selby Ventures in the funding.

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