Comments
Media technology company, Komli Media today said it has raised $ 39 million in a new round of investment led by Norwest Venture Partners, which will help it expand its presence and strengthen its technology platform.
Norwest Venture Partners, an already existing investor, led the current round of investment, along with Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment, it said in a statement issued here.
“This financing will allow us to materially scale our platform and operations by investing in our Real-Time Bidding (RTB), data, analytics, and retargeting solutions to improve ROI for advertisers and yield for publishers,” the company’s chief executive Mr Prashant Mehta said.
In the statement, the company — which offers solutions across display, mobile, video, social, search and data for advertisers, agencies, and publishers — claimed it has grown 150 percent annually since 2009.
It now has 5,000 publishers over 5,000 leading publishers including exclusive relationships with Facebook and MSN and reaches 270 million users monthly, servicing 1,000 advertisers.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.