New funding round puts its valuation at $1bn.
Evernote has just raised $70m from Meritech Capital and CBC Capital ahead of a possible IPO, says TechCrunch.
This gives it a crazy valuation of $1bn to further fuel the frenzy started by Groupon, Facebook, LinkedIn, Instagram and others.
To remind you, Evernote lets users store 'memories' - photos, text and other content - and access them from a range of devices. The company has apps for several smartphone platforms, but has become an especially big hit on iPad.
It has over 25m users, of which 1m are paying.
TechCrunch notes that Evernote "still has much of the $96m that it's raised to date in the bank", so the new round seems to be about building a warchest for the future.
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