Instagram Facts and Figures
- Founded in March 2010 with the initial name of “Burbn” by Kevin Systrom and Mike Kreiger with the $500,000 in seed funding. It was launched in the Apple “app” store in November of 2010. In February of 2011 they raised an additional $7 million including an investor called Jack Dorsey of Twitter fame.
- Instagram reached the milestone of 1 million users in December 2010 (only 9 months after being founded and only 1 month after going live in the Apple “app” store)
- In August 2011 Instagram users had uploaded 150 million photos
- 10 million users were using the app by September 2011
- Version 2.0 released including high resolution photo capability
- The release of the Android app version saw 1 million downloads in 1 day!
- April 2012, Instagram reaches the new milestone of 30 million users
