Popular Internet radio service Pandora will get millions of dollars in new funding. The funding comes as Pandora is about to clinch a deal on music royalty rates.

Greylock Partners will invest a reported 35 million dollars in Pandora.

“The team at Pandora is really passionate about music and they have worked hard to provide people a great online listening experience,” said Greylock partner David Sze, who spearheaded the investment.

“Pandora has reached some impressive milestones, including a user base of 30 million registered users, and it is growing faster than ever. We are really excited about working with the company to help accelerate that growth.”

Greylock had investments in news aggregation website Digg, social network Facebook and business-related online community LinkedIn. The figure of the deal, 35-million-dollar, was reported by financial news website PEHub.

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