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Ad Infuse, a leader in
delivering highly personalized mobile advertising experiences, recently
announced it has secured $12 Million in a new round of financing. New investor SoftBank Capital led the round, which also included existing investors
ComVentures and Storm Ventures.
The newly raised funds
will be used to aggressively extend Ad Infuse’s leadership position in
delivering the premium mobile advertising network and platform for mobile
operators, content publishers, and advertisers - adInMotion™. In addition, the
company will continue investment in its rich media advertising solutions and
unique personalization capabilities. Such focus will further enable premium on
and off deck publishers and leading brands to connect with their consumers
across all mobile media formats such as video, games, mobile browsing, and
podcasts, utilizing the adInTouch™ campaign management solution.
As part of its
investment, SoftBank Capital’s Mike Perlis will join the Ad Infuse board of
directors. Mr. Perlis has served as a media industry CEO with over 20 years of
experience managing a wide range of content and multi-media brands, including
President and CEO of Ziff-Davis Publishing, President of TVSM, President and CEO
of IDG, Publisher of GQ, and built the Rodale Active Sports Network. He also
serves on the boards of several companies including Paltalk and Associated
Content, and was a past board member of Zinio, Industry Brains, and Enpocket.
“The momentum Ad Infuse
has built with its unique focus on enabling the full mobile advertising
ecosystem is impressive,” said Mike Perlis, partner at SoftBank Capital. “The
company has been very effective in delivering innovative technology solutions,
serving top advertising partners, and building a management team with deep media
and mobile experience. We believe strongly that Ad Infuse is well-positioned to
lead and build long-term success in this high-growth market.”
“This caps a banner
year for Ad Infuse and launches an exciting next stage of the company’s growth,”
said Brian Cowley, CEO of Ad Infuse. “We continue to see incredible demand for
our consumer-centric approach to campaigns that leverage rich-media and
privacy-sensitive targeting for a premium mobile advertising experience. We’re
very pleased to have such top tier investors, adding one of the strongest
digital media focused investors to our existing board, as we build continued
success.”
In the past year,
inventory on the Ad Infuse network has grown to over 500M monthly impressions,
with the company signing 27 new advertising partners and 48 content partners,
delivering advertisements and innovative campaigns for leading companies such as
Unilever, Procter & Gamble, EA Mobile, BMW, Microsoft, Dell, Universal Pictures,
and Mini Cooper.
“Ad Infuse is building
on a very strong foundation and is one of the most exciting companies in our
portfolio,” said board member, Sanjay Subhedar of Storm Ventures. “We’re very
impressed with their success to date in building premium solutions that are
resonating with operators, top publishers, and leading brands.”
“Ad Infuse is well
poised for success in this industry as they possess a deep understanding of both
the mobile operator space and the advertising space,” added board member Jeb
Miller of ComVentures. “After such an impressive year of 2007, the company is
beginning 2008 with even more momentum.”
For more
information, please visit
www.adinfuse.com
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