Giga Omni Media has built a strong reputation for providing exceptional editorial coverage and high-impact conferences that help to set the agenda in a number of industries
San Francisco, CA (PRWEB) October 6, 2008
Giga Omni Media, a leading provider of publications and events for the technology and information industries worldwide, today announced that it has raised $4.5 million of additional funding in a round led by new investor Alloy Ventures and supported by existing investor True Ventures.
"Giga Omni Media has built a strong reputation for providing exceptional editorial coverage and high-impact conferences that help to set the agenda in a number of industries," said Ammar Hanafi, general partner at Alloy Ventures. "Alloy invested in Giga Omni Media based on the strength of the company's leadership and its excellent prospects for continued growth as it continues to deliver the insight the tech industry needs to navigate the changing business landscape."
Founded in 2006 by award-winning journalist Om Malik, the GigaOM Network now includes seven high-traffic sites: GigaOM, NewTeeVee, Earth2Tech, Web Worker Daily, OStatic, jkOnTheRun, which the company acquired in July, and The AppleBlog, acquired in September. Giga Omni Media also produces industry-leading events, including annual conferences such as Structure, Mobilize, and NewTeeVee Live.
"Building on the success of our first blog, GigaOM, our network of sites now reaches a rapidly growing audience of more than 2 million monthly unique visitors in the technology industry," said Paul Walborsky, CEO of Giga Omni Media. "This new funding will allow Giga Omni Media to enhance our technology platform and content offerings to deliver the most cutting-edge technology news and information available online today to an even wider global audience."
Built by experienced journalists, the Giga OM Network spots the trends and applies professional, journalistic principals to provide readers with a unique combination of in-depth reporting, editorial articles, opinion polls and market metrics. This approach enables Giga Omni Media to highlight the most interesting startups, trends, products and people in technology, while online community features and in-person conferences engage readers in a dialogue about where technology is heading.
"True recognized the tremendous potential for Giga Omni Media to change the discussion in the technology news and analysis market, and we are thrilled with the team's impact in these important times. The company has grown at a phenomenal pace since we seed funded Om two years ago," said Jon Callaghan, General Partner at True Ventures. "We believe that the GigaOM Network will continue to cement its leadership position in the blog-based media world in the years to come."
About Giga Omni Media:
Giga Omni Media is a leading provider of publications and events for the technology and entrepreneurial markets worldwide. Founded by award-winning journalist Om Malik, Giga Omni Media is an online publishing company whose network of news sites reaches more than 2 million readers worldwide and provides news and insight on the developments disrupting the world of technology. The GigaOM Network includes seven award-winning sites: GigaOM covers the business of broadband, VoIP, infrastructure, mobile and wireless; Earth2Tech covers the business of green technology; Web Worker Daily covers the future of work in a web world; NewTeeVee covers the business of online video; OStatic is a web application, news site and community looking at open-source solutions for business; and jkOnTheRun offers news and insight on mobile devices; and The AppleBlog is a prominent source for news, reviews, walkthroughs, and real life application of all Apple products. Giga Omni Media also produces industry-leading events, including annual conferences: Structure, Mobilize, AND NewTeeVee Live. For more information about Giga Omni Media, please visit http://www.gigaom.com.
About Alloy Ventures:
Alloy Ventures is an early-stage venture capital firm with over $1 billion under management that invests in the entrepreneurs creating the next generation of ground-breaking Information Technology, Life Sciences, and Cleantech companies. For the last 30 years, Alloy has leveraged the operational experience, extensive networks and forward-thinking vision of its partners to help start and build over 200 market-leading companies in fields such as software, semiconductors, mobile, medical devices, diagnostics, and laboratory instrumentation. Recent Alloy investments include: Barrx, Cortina Systems, Fluidigm, Genomatica, Macusight, Nitronex, Optimedica, Pacific BioSciences, Retrevo, Teradici, ViVOtech, and YouSENDit. For more information about Alloy Ventures, please visit http://www.alloyventures.com.
About True Ventures
True Ventures invests in promising entrepreneurs at the earliest stages in the highest-growth segments of the technology market. The Partners at True have started over ten companies as founders, and True is designed by entrepreneurs, for entrepreneurs. The firm clearly understands both opportunities and challenges in the earliest stage of development and provides young companies with a powerful, seasoned partner. For more information, please visit http://www.trueventures.com.
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Giga Omni Media
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