![]() ![]() In July 2017, Giphy announced that it had 200 million daily active users between both the API and website, with around 250 million monthly active users on the website. In October 2016, Giphy announced several statistics, including the statement that it had 100 million daily active users, that it served over 1 billion GIFs per day, and that visitors watched more than 2 million hours of GIF content every day. ![]() In February 2016, Giphy raised $55 million in funding at a $300 million valuation. In August 2015, Giphy launched its second mobile app, GIPHY Cam, which allows users to create and share GIFs on a social network. This coincided with the launch of Facebook Messenger's own development platform, in which Giphy joined a few exclusive apps in its debut. In March 2015, Giphy acquired Nutmeg, a GIF messaging service, as one of the company's first major steps towards the mobile industry. In May 2014, Giphy raised $2.4 million in a Series A funding round from investors, including Quire, CAA Ventures, RRE Ventures, Lerer Hippeau Ventures, and Betaworks. ![]() Three months later, Giphy integrated with Twitter to enable users to share GIFs by simply sharing a GIF's URL. Giphy was then recognized as a Top 100 Website of 2013, according to PC Magazine. In August 2013, Giphy expanded beyond a search engine to allow users to post, embed and share GIFs on Facebook. Giphy features what its founders called as "conversational search" wherein contents are brought to users' conversations through a search box found in their messaging applications. According to Chung, Giphy attracted around a million users during its first week and the figure leveled out to 300,000. When Chung and Cooke first launched Giphy, the website functioned solely as a search engine for GIFs. The idea for the business came when the pair was having breakfast, musing on the rising trend of purely visual communication. Giphy was founded by Alex Chung and Jace Cooke in February 2013. Co-founder Alex Chung at South by Southwest 2016 ![]()
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