Calif. – Quora, the operator of a
Web question-and-answer service, has raised $11 million in its first round of
funding, led by Benchmark Capital, TechCrunch reported.
The round, which
additional investors may join, valued the company at $86 million, according to
Founded in 2008, Palo Alto, Calif.-based Quora launched
its service in private beta in January.
The service has since become "one
of the hottest private beta tickets in town," according to TechCrunch’s
Michael Arrington, who notes that the "signal to noise ratio is extremely
high" in terms of the discussions on Quora.