Snapchat snags over $1.8B in funding - CNET

Proving it has value beyond teens sending risqué images to each other, Snapchat has just secured $1.81 billion in funding.

While Snapchat hasn't officially disclosed its overall valuation, TechCrunch reports that the additional funds could put the value of the company at around $20 billion.

Snapchat's giant boost in funding comes amid worries that this new era of "unicos," or high-valued startups, is near its peak.

Snapchat did not immediately respond to a request for comment.

Personally, I'm hoping that the extra funds will result in even more emojis I can stick on top of my face in videos.