Widget maker Gigya gets $11 million Series C

So much for economic belt-tightening. Just seven months after its Series B, Gigya has pulled in another funding round.

Looks like they're battening down the hatches: Social-network apphaus Gigya has raised $11 million in a Series C funding round led by DAG Ventures.

President and co-founder Rooly Eliezerov called it a "pre-emptive round" in a release Wednesday; the company's Series B round was only seven months ago. But Gigya insists that this new funding is to keep up demand, not to have some disaster insurance in the face of the current financial situation .

Still, economic crisis notwithstanding, Gigya and its brethren may still have a tough road ahead : Blogger Nick O'Neill recently found that traffic to a Facebook app he created tanked after the social network instituted a controversial redesign that relegates many third-party widgets to a "Boxes" tab.

Facebook's obviously not the only platform for social widgets, but it's been the poster child for apps ever since the Facebook Platform made its debut in May 2007. Could it be a bellwether for the industry? Absolutely.

Disclosure: CNET is a Gigya partner.

About the author

Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
The best tech products of 2014
Does this Wi-Fi-enabled doorbell Ring true? (pictures)
Seven tips for securing your Facebook account
The best 3D-printing projects of 2014 (pictures)
15 crazy old phones from a Korean museum (pictures)
10 gloriously geeky highlights from 2014 (pictures)