Its Mobile Usage Poised To Explode With iPhone 4.0 OS, Pandora Raises More Money

Remember when Pandora was on its deathbed? Yeah, those days are long gone. The service has just raised yet another round of funding, we've confirmed. The round was led GGV Capital and participated in by Allen & Company, They're not disclosing the amount raised, but you can bet it's fairly substantial considering that they're last round in July of last year was $35 million . Up until now, Pandora has raised just about $57 million in total. The new money will be used to further fuel growth and invest in new resources, the company says. Back in April, the company passed the 50 million user mark (up from 40 million the previous December) just as they launched their new iPad app. Mobile growth has been a key for the company, and it's likely to explode even further with the launch of the iPhone 4.0 OS which will allow Pandora to run in the background for the first time. Despite the restraint, Pandora has been one of the top downloaded apps of all time in the App Store.