Thursday
NewsGigya Gets $11M in Funding
Image via CrunchBase
Gigya, the self proclaimed “widget distribution network”, just eared $11 million dollars in funding. The funding came through a round of series C funding, led by DAG Ventures. The Israeli company (headed by Eyal Magen), is bound to use this funding towards providing new services and bettering current ones for their faithful users.
This is what they have to say about the service they provide:
Gigya gives people the power to socialize and share content across the web, providing publishers and marketers with powerful tools for increasing audience reach and engagement online. Reaching more than 150 million people each month, Gigya’s technology platform includes world-class sharing, analytics and monetization features.
Eyal Magen, Gigya's CEO
Gigya’s Wildfire service is currently the only one they use for monetizing purposes. This service uses branded widgets that consumers can use to boost their sites to generate profit.
While Gigya has some really great ideas and applications that make it a great contender in the social media race, it still hasn’t taken a big bite out of the pie, this picture illustrates very well where Gigya stands when it comes to internet dominance:
Expect Gigya to get a lot bigger in the near future
Even with an underperforming economy, it’s nice to see a growing company earn more funding and get the ability to keep changing the way we use the internet.
Post Tags: DAG Ventures, Gigya, Web widget, Wildfire
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