The company has raised $1.5 billion in funding and reportedly filed paperwork for an initial public offering. : Reports by CNBC in late July, 2018 suggested that social media website Pinterest could finally be living up to its hype. Founded in 2010, the company has been the recipient of VC funding from firms like Rakuten, Goldman Sachs (GS) and Andreessen Horowitz. Pinterest allows roughly 200 million active users to create and share pictures and other content by “pinning” items of interest.