LinkedIn has bought and will be shutting down Refresh.io, a startup and iOS app of the same name that provides insights about people in your networks right before you meet them.
The terms of the deal have not been revealed but the main app will be shutting down on April 15 after which the company will not accept any new sign-ups. Twelve of the current team of 15 employees will join LinkedIn in Mountain View to work on incorporating the technology they have developed into various LinkedIn products, reported TechCrunch.
A LinkedIn spokesperson said that the company will be looking to take their smarts and add them to a number of products in order to come up with a number of insights to make LinkedIn even more valuable.
Refresh.io had raised about 10 million dollars from CRV, Redpoint, Foundation Capital and Haystack.