News filtering and aggregation site SkyGrid, based in Sunnyvale, CA, has raised a relatively big $11 million second round of funding. The round was led by RRE Ventures, with previous investor BlackRock also participating, along with a “prestigious group of investors from both Wall Street and Silicon Valley,” the company said. Previous venture investors include Draper Fisher Jurvetson and Esther Dyson, among others.

The service gathers “millions of mainstream and alternative information sources online, filters the information for reputation and relevance, and presents a personalized screen arranged by ticker symbol, industry sector, index, or user-customized portfolios.” The company launched in Feb this year, and says it has about 100 customers now, from various financial institutions.

Shades of Monitor110, if you ask me...same shades of the hype language and of course the larger funding amount. And they even share an investor in DFJ. Just hoping the implosion isn’t so quick. Gigaom has a product review here.