<p>The privately held company, which is yet to register a profit, intends to use the funds to beef up its system as it tries to grow fast to compete with Facebook.<br /><br />Twitter, which allows users to blog short messages from their cellphones, currently has about 50 million users and hopes to match Facebook's 300 million users worldwide.<br />Both company's eventually hope to reach the one-billion user mark.<br /><br />The investor group channeling funds into the micro-blogging company included mutual fund giant T Rowe Price and several venture capital firms.<br /></p>
<p>The privately held company, which is yet to register a profit, intends to use the funds to beef up its system as it tries to grow fast to compete with Facebook.<br /><br />Twitter, which allows users to blog short messages from their cellphones, currently has about 50 million users and hopes to match Facebook's 300 million users worldwide.<br />Both company's eventually hope to reach the one-billion user mark.<br /><br />The investor group channeling funds into the micro-blogging company included mutual fund giant T Rowe Price and several venture capital firms.<br /></p>