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*I Can Has Cheezburger? co-founders Eric Nakagawa, left, and Kari Unebasami, center, pose with company CEO Ben Huh outside a pub called The Asgard in Cambridge, Massachusetts, during Laughing Squid's ...

Cheezburger, the internet publisher responsible for LOLcats, FAIL Blog, and other memes, has raised a whopping $30 million in new funding led by the Foundry Group with Madrona Venture Group, Avalon ...

SEATTLE--How does one build an empire on pictures of cats with silly, misspelled captions? As most fans of the Internet now know, I Can Has Cheezburger has become one of the most popular sites online.

“No, it’s not a typo,” deadpans Ben Huh, the 31-year-old CEO of the Cheezburger Network. He’s referring, of course, to his company’s title–and its flagship Web site, I Can Has Cheezburger, which earns ...