Entertainment and news site Buzzfeed has raised $50 million from According to published reports, Silicon Valley venture capital firm Andreessen Horowitz, valuing the company at $850 million.

BuzzFeed Tracks the Web's Obsessions in Real Time. We feature the kind of things you'd want to pass along to your friends: an outrageous video that's about to go viral, an obscure subculture breaking into the mainstream, a juicy bit of gossip that everyone at the office will be talking about tomorrow, or an ordinary guy having his glorious 15-minutes of fame. And when you read BuzzFeed, you'll always know the movies, music, and products that are on the rise and worth your time.