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Janrain lands $15.5M to supercharge the social web

Janrain, the Portland, Oregon-based software-as-a-service company, has closed on $15.5 million in funding. Janrain plans to put the money toward general growth initiatives such as hiring and product development, CEO Larry Drebes said in an interview Tuesday. The new round brings Janrain’s total venture capital investment to $18.75 million.

CNN Money