RIA News Desk

Subscribe to RIA News Desk: eMailAlertsEmail Alerts
Get RIA News Desk via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Related Topics: RIA Developer's Journal

RIA & Ajax: Article

AJAX Company Wikio Secures $5.3 Million in Series A Funding

Blog and Media Search Company Receives Funding For Research and Development, and International Expansion

(SYS-CON Media) - Wikio, operator of the popular personalized Web information page announced it has closed a Series 'A' round of funding totaling $5.3 million. The financing round was led by Lightspeed Venture Partners along with Gemini Israel Funds.

Wikio, launched in France last June, and currently operating sites in France, United States, Germany, Italy and Spain, is the first European blog and media search engine. To date, Wikio’s fast growing audience has reached nearly one million monthly unique users.

The new round of financing will enable Wikio to expand globally, and deliver the most innovative and customizable information service on the web. Aggressive investment in R&D and operations will enhance product development and accelerate the company’s already rapid growth. The launch of the Wikio UK site is planned for the second quarter of 2007, followed by additional European and American sites.

Wikio is the brainchild of CEO Laurent Binard, founder of Mediapps (European Software Publisher) and chairman Pierre Chappaz, renowned French entrepreneur, former Yahoo Europe President, founder of Kelkoo (leading European shopping search engine) and co-CEO of Netvibes (leading customizable portal). Chappaz says, “Blogs and information are my passion, and I am a great believer in personalization. With thousands and thousands of professional and amateur sources of information available on the Web, our mission is to provide Internet users with a powerful search tool that they can easily tune according to their needs and their centers of interest. For many Europeans, Wikio has already become their personal information page!”

“The tremendous growth and popularity of Wikio boils down to its innovative product. Personalizing and organizing information in a compelling way is becoming an increasingly important tool for consumers,” said Yoni Cheifetz, partner, Lightspeed Venture Partners. “Coupled with the company’s strong business model, we’re in a very good position to help Wikio become a leading information platform for European and global customers.”

Ouriel Ohayon, general manager of the Lightspeed Gemini Internet Lab (www.lgilab.com) and editor of the French version of TechCrunch explains, “Personalized news and search is a very competitive and fast growing sector. The popularity of user generated content creates the demand for better tools to find relevant information. Wikio's innovative service and rapid growth will make it one of the global leaders in its field.” Along with Chappaz and Binard, Yoni Cheifetz, and Ouriel Ohayon will join the board of directors.

Based on Web 2.0 technologies such as information feeds (RSS), AJAX (for personalization) and semantic search, Wikio combines powerful search features with advanced tag navigation. Users influence the results of the Wikio Index of thousands of editorial blogs and professional media items by voting, commenting and publishing their own posts. The service also allows users to easily create and build their own personalized webpage of information based on tags (keywords including semantics) that they select. Its business model relies on sponsored links and monetization of commercial searches.

Mirabeau Financial Planning Ltd has advised Wikio for this financial round.

More Stories By RIA News Desk

Ever since Google popularized a smarter, more responsive and interactive Web experience by using AJAX (Asynchronous JavaScript + XML) for its Google Maps & Gmail applications, SYS-CON's RIA News Desk has been covering every aspect of Rich Internet Applications and those creating and deploying them. If you have breaking RIA news, please send it to RIA@sys-con.com to share your product and company news coverage with AJAXWorld readers.

Comments (1)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.