AdRise Status
The company raised $21.03 million of Series C venture funding in a deal led by Jump Capital on May 12, 2017, putting the pre-money valuation at $49 million. Think +, DHVC, Foundation Capital, SGH Capital, Cota Capital and other undisclosed investors also invested in the round. The funds will be used for marketing initiatives and its in-house TV analytics platform, hiring engineers, product managers and data scientists, to accelerate growth and expansion of Tubi TV, including its OTT premium ad inventory, with which the company expects to claim market leader status.
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