Report: Facebook Drinks in Chai
Mountain View, CA-based stealth mode startup Chai Labs has been acquired by Palo Alto, CA-based Facebook, Kara Swisher of the Wall Street Journal’s AllThingsD blog reported Sunday. Founded and led by former Google AdSense product manager Gokul Rajaram, Chai Labs has developed software that helps publishers and retailers make their online content more easily searchable, according to its website. The company had raised at least $1.6 million in debt and warrants, according to a regulatory filing, and its advisors included Andreesen Horowitz general partner Marc Andreesen, Greylock general partner and LinkedIn founder Reid Hoffman, and Google Ventures partner Joe Kraus. Chai Labs employees include former Pheedo vice president Jon Burke and software engineers Adi Himawan and Patrick Nguyen.