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NowPublic gets 10.6 million USD

The press embargo finally lifted, so I'm happy to share that NowPublic closed a 10.6 milion USD series A round from Rho Ventures/Rho Canada, Brightspark, and the Working Opportunity Fund.

That's a lot of money and a big series A. However, since NowPublic's start two years ago, it has become one of the fastest growing news organizations in the world. By harnessing the wisdom of crowds and tapping into the news reporting potential of the hundreds of millions of internet users, eye witnesses, bloggers and photography enthusiasts, NowPublic is changing the way news is produced and distributed.

Step by step, NowPublic is building the platform that lets major news agencies outsource their news gathering process, and that is not to be taken lightly and not to be confused with sites like Digg or Slashdot. It won't be long until more major news agencies realize that NowPublic's on-the-ground network of news contributors will help them break more and better news stories at lower costs.

And of course, as NowPublic is built on Drupal, this is good news for Drupal too.

(Disclosure: I am an advisor to NowPublic.)

NowPublic partners with AP

The news just keeps getting better. Today the Associated Press (AP) and NowPublic announced that they have agreed to a deal that will bring NowPublic's citizen content into AP's news gathering network. According to the press release, the two companies will work together to explore ways of involving NowPublic's on-the-ground network of news contributors with AP's breaking news coverage – increasing the worlds access to news as it happens.

To put this into perspective, on any given day, more than half the world's population sees news from AP – so this is an unparalleled distribution opportunity for citizen created content and contributors to NowPublic. And of course, as NowPublic is built on Drupal, it's good news for Drupal too.

(Disclosure: I am an advisor to NowPublic.)

NowPublic names Chairman of the Board

NowPublic just announced that former MSNBC editor-in-chief Merrill Brown will become Chairman of the Board. Remarkable!

(Disclosure: I am an advisor to NowPublic.)

NowPublic flirts with ABC News

Last week, NowPublic redesigned once more. They just keep getting better! If you don't know NowPublic, it is a Drupal website that is a combination of Slashdot, Digg and Flickr (albeit not as popular yet). Every user can help report the news, provide valuable information, footage, context and insight.

What is more? As of this week, ABC News and NowPublic started to flirt by sharing some footage. That is good news because every other day, news organizations around the planet announce that they are going to take a similar approach and tap into the wisdom of crowds.

(Disclosure: I am an advisor to NowPublic.)

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