GigaOm Raises Another $6 Million At $40 Million+ Valuation

TechCrunch is reporting that tech blog and research startup Giga Omni Media has raised another $6 million in venture capital, on top of the $8.33 million previously raised. New investor Reed Elsevier Ventures led the round, with participation from previous investors True Ventures andAlloy Ventures. Venky Harinarayan, founding partner of Cambrian Ventures and Rakesh Mathur, CEO and co-founder of Snapstick are also investors.

The rumored valuation of the company, according to TechCrunch sources, was over $40 million.

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