We are thrilled to announce that Stack Overflow has closed a follow-on round of financing led by Index Ventures with participation from Spark Capital and ourselves. Neil Rimer and Bijan Sabet will join the board. We will also add a new independent director Anil Dash.
Stack Overflow has also changed its name to Stack Exchange to reflect growth of the Stack Exchange network. Though Stack Overflow the Q&A site for programmers is still by far the largest site, there are now more than 45 vertical sites building strong communities around, Cooking, Photography, Statistics, Math, Game Development, Physics, English, and more.
The Stack Exchange network gets almost 20 million unique monthly visitors, and the new Stack Exchange network sites have more than double their traffic since the end of last year. Perhaps most exciting Stack Overflow, the flagship site, has developed a native business model that seamlessly creates value for sponsors and users. Careers 2.0 is a great way for companies to find talented programmers and and a great way for talented programmers to find great projects to work on.
You can read more about the financing and Stack Exchange's plans for the money on their blog.