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February 25, 2011 06:10 pm GMT
ContextIn, an Israeli company I first got to know when they launched their semantic technology platform at my Plugg conference back in 2009, has recently shifted focus to the buying side of the online advertising equation. We've now learned that the company has raised "a few million dollars" in a Series A round led by Spark Capital and Pitango.I have to admit I'm not 100% clear on what they are building - the company has yet to formally launch its solutions publicly - but the general idea is to bring an algorithmic approach to the optimization of media buying across the various display ad exchanges (e.g. AdECN, Right Media and DoubleClick Ad Exchange).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nNIhBpZl0YA/
ContextIn Raises "Several Millions" For Algorithmic Approach To Ad Buying
ContextIn, an Israeli company I first got to know when they launched their semantic technology platform at my Plugg conference back in 2009, has recently shifted focus to the buying side of the online advertising equation. We've now learned that the company has raised "a few million dollars" in a Series A round led by Spark Capital and Pitango.I have to admit I'm not 100% clear on what they are building - the company has yet to formally launch its solutions publicly - but the general idea is to bring an algorithmic approach to the optimization of media buying across the various display ad exchanges (e.g. AdECN, Right Media and DoubleClick Ad Exchange).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nNIhBpZl0YA/
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