NEWS25 May 2011

GigaOm raises $6m to expand research services

Financials News North America

US— Technology publisher and research provider GigaOm has raised $6m in funding to expand its business.

The funding round was led by Reed Elsevier Ventures, with existing investors Alloy Ventures and True Ventures also contributing.

GigaOm provides research on a subscription basis and allows subscribers to engage directly with experts online.

The company said it will use the funding to expand the number of tech analysts in its GigaOm Pro network, and invest in its technology in order to bring its research services to a larger customer base.