Gigaom raises $8 million in funding, Om Malik steps down from day-to-day

Posted Feb 20, 2014

Gigaom, the popular tech blog network, has raised $8 million from Shea Ventures, Alloy Ventures, and Reed Elsevier Ventures. Om Malik, the founder of the network, is going to join True Ventures as a partner and hang up his “reporter’s notebook.” He will no longer be a day-to-day employee at Gigaom, but will work as a board member, occasional columnist, and fixture at the events. 

Gigaom launched a dynamic research platform in 2014 and has many large companies as their customers. This business is growing at the company at a rapid pace, which is why the company raised additional funding.

GigaOM currently employs 70 people. The company started to focus on events and paid research in 2008.

[Source: GigaOM]