Bloomberg reported the funding round in a post on his Twitter page, which did not give details about the funding.
It did say the funding comes from a group of investors led by the private equity firm Apollo Global Management.
Apollo has previously invested in companies like Facebook, Microsoft, Uber, and SpaceX.
Bloomberg is known for having a strong interest in technology and technology companies, including Twitter, Facebook, Instagram, Netflix, and Spotify.
The company has been growing in its business, and it is currently the No. 1 search engine in the U.S. by Alexa ranking.
The $1 billion investment comes after the company raised $6 billion in Series A funding last year.