Visto CEO Confirms Funding

Visto CEO Brian Bogosian is in Barcelona today, but just called in to discuss his company’s financial situation. He confirms that Visto raised a $35 million up-round at the end of 2006, and says that Visto has “the strongest balance sheet we’ve ever had… The idea that we’re in financial trouble is complete BS.”

I asked Bogosian why Visto hadn’t issued a press release about the funding, and he responded that company had planned to bundle the news with some other upcoming announcements. Yesterday’s Valleywag item and the subsequent peHUB posting, however, have changed those plans – so expect a formal press release about the $35 million to come out later today (Update: Here’s the release)