• All Things D, Tuesday, April 13, 2010 2:58 PM

San Diego-based photo service TweetPhoto just raised $2.6 million, led by Caanan Partners, along with Anthem Venture Partners and Qualcomm. Peter Kafka of Media Memo, however, can't figure out why. "The new conventional wisdom is that photo-sharing systems built around Twitter are toast," he notes.

What's more, "the Series A funding certainly seems a bit more fraught than it did about a week ago ... Since then, Twitter appears to have decided on a build/buy strategy for some functions it previously allowed third-party developers to handle." Couldn't Twitter buy TweetPhoto? Perhaps, but, according to Kafka, a rival service named TwitPic is much more popular, and has yet to take any funding.

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