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BREAKING NEWS

Glassdoor.com gets $6.5 million

SAUSALITO, Oct. 28, 2008 – Glassdoor.com, the online company information and rating site, announced today it secured $6.5 million in Series B funding.

Launched in June of this year, the site offers free access to salary details for various positions within companies from information provided anonymously by the employees themselves. Employees also offer comments on workplace atmosphere. Glassdoor claims it currently lists 150,000 contributions for 14,000 companies across a broad section of industries. The company is growing its international presence to include salaries in more than 100 currencies.

The round was led by Sutter Hill Ventures and included participation from Benchmark Capital, which provided Series A funding of $3 million in November 2007.

Headquartered in Sausalito, Glassdoor was founded by Robert Hohman, CEO; Tim Besse, vice president of marketing; and Richard Barton, non-executive chairman of the board.



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