Pinterest is the latest tech company to secure an 11-figure valuation.
The social bookmarking service has raised $367 million in funding with plans to raise as much as another $211 million more for a grand total of up to $578 million, according to a regulatory filing on Monday.
The Series G round of funding -- yes, it's up to G now -- is said to value the company at $11 billion, according to a rep from the company. At that level, Pinterest's valuation is slightly ahead of Dropbox and Airbnb and just behind that of Snapchat.
"Pinterest will use the additional capital for corporate purposes, including to fuel international expansion," a rep for Pinterest said in a statement provided to Mashable. "In 2014, international users grew more than 135%. Today, they are more than 40% of all users, up from just 28% in 2013."
Investors who participated in the funding round include Andreessen Horowitz and Bessemer Venture Partners, according to the filing.