SAN FRANCISCO, USA: Amidst the reports that microblogging service Twitter is seeking to raise "hundreds of millions of dollars" in a new funding round, that values the company at as much as $7 billion, the latest news is that an investor has valued the company at $8 billion.

While Twitter isn’t rushing to go public like some of its larger peers, the microblogging service has no problem luring deep-pocketed investors, said a New York Times report, which said that Twitter is in the process of raising $400 million in a deal that values the company at $8 billion.

The financing round, which will be split into two portions, will be led by DST Global, the investment firm headed by the Russian billionaire Yuri Milner, the report added citing two sources.

In March, an auction of Twitter shares on the secondary market had suggested that investors valued the company at $7.7 billion, more than twice the valuation the Internet microblogging service garnered in a December funding round, when it was valued at $3.7 billion.

With more than 200 million accounts, the microblogging revolution called Twitter has been in an acquisition spree in the recent times.

In May it acquired TweetDeck, a mobile and desktop application that lets Twitter users access multiple accounts and post messages on them simultaneously, for an undisclosed amount.

Then it also bought social analytics startup BackType, a company that helps publishers measure the impact of their social media use. Prior to that it had acquired online ad team AdGrok.

Though Twitter was not making any profit till a few months back, a recent report said that the company makes about $200 million a year from online advertising and is close to profitability.

However, the latest hacking incidents that point to the weak security wall of the microblogging platform is a matter of concern. So, with new round of funding, will the tweeting bird strengthen its nest? Hope so!