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

Tech blog and research startup Giga Omni Media (GigaOm) 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 and Alloy Ventures.

The rumored valuation of the company, we’ve heard from sources, was over $40 million. They aren’t commenting on valuation.

This round is to help fuel growth of GigaOm’s research arm, which now has more than 20,000 subscribers and is “growing fast,” says founder Om Malik. Ten of the companies 41 employees are on reasearch full time. Malik says the number of research employees will grow rapidly in the near future.