Virtual world maker Gaia cuts staff by 13 percent
Gaia Interactive, a San Jose, Calif. creator of virtual world software, has laid off 13 percent of its employees (16 full-time and 20 contractors) due to unfavorable market conditions. The cuts follow an $11 million third round of funding the company announced in July.
It’s rumored that Gaia’s revenue for November came in much lower than anticipated, considering its summer launch of zOMG! (its new anime-flavored world for tweens). As of last week, the platform had… Continue Reading
Gaia, a virtual world for young people, raises $12M
Gaia Interactive, a San Jose, CA-based virtual space “hangout” geared towards young people, has raised $12.01 million in its second round financing, according to a regulatory filing cited by PEHub. The round was led by DAG Ventures, which was joined by returning backers Benchmark Capital and Redpoint Ventures. This follows $8.93 million raised by Gaia last year.