GigaOm, the technology blog network, raises more funding
GigaOm, a popular Silicon Valley technology blog network, has raised another round of funding from True Ventures, with angel investors participating.
Founder Om Malik says the money will be used to build out the editorial operation as well as hosting more events. For example, GigaOm blog NewTeeVee, which covers the online video market, will do a repeat next year of the industry conference it hosted yesterday.
The angel investors include Rakesh Mathur, Venky Harinarayan and Anand Rajaraman, who have experience developing contextual content discovery software. GigaOm is looking to incorporate that type of technology, Malik writes, saying he is saving the details for later.
Besides the eponymously-named flagship blog GigaOm and NewTeeVee, the network also includes WebWorkerDaily, FoundRead and Earth2Tech.
There were some reports that GigaOm raised $1 million in this round, but Malik says that it was more than that. The company previously raised several hundred thousand dollars.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.