July 9-10, 2013
San Francisco, CA

Early Bird Tickets on Sale

Alas, the days of Mad Men are over. Long gone are lingering business lunches where advertising deals are struck over booze and cigarettes, and automated, real-time bidding has taken their place.

LeanMarket, a company that specializes in real-time bidding for ad space, is introducing a mobile ad buying platform. Real-time bidding is all the rage for internet advertising these days because businesses want to be as specific as possible in who they target. Whenever a user visits a website, data is collected and advertisers place bids for that impression on an ad exchange. The transaction happens in 1/10 of a second and the winner gets their ad published in front of that person.

LeanMarket’s technology helps advertisers successfully navigate this complicated and fast-paced system. The company participated in Y Combinator‘s most recent class and its first product focused on web-based display ads. However, with the explosion of mobile and mobile advertising opportunities, LeanMarket is trying to stay ahead of the curve with its demand-side platform.

“There is a big transition in advertising because buyers and sellers are not negotiating person-to-person, they are meeting on big ad exchanges,” said founder and CEO Cyrus Lohrasbpour. “Real-time bidding has been going on for years now, but all the software to help advertisers is designed for the enterprise. LeanMarket is self-serve and open to everyone regardless of budget. LeanMarket is doing for mobile RTB what Google AdWords did for search advertising.”

Rather than requiring lengthy contracts and high-minimums, LeanMarket adopts a pay-as-you model that accommodates the needs of small businesses and startups. Customers go to the website to create a campaign. They dictate parameters, such as demographics, time spent on a page, search history etc… and how much they want to pay. They then upload their ad and LeanMarket takes care of the rest, bidding on relevant ad space and providing real-time reports.

The product emphasizes transparency. Advertisers can see exactly which apps their ads appear in and can monitoring their activity through real-time reports. They can also pause the campaign if there is an error. All of these features are particularly important for smaller businesses where every dollar matters.

Lohrabspour got into advertising consulting while still in college and watched as real-time bidding grew in popularity. However, most of his clients did not have large enough budgets to justify expensive campaigns, and he was inspired to create a more flexible way to help smaller spenders take advantage of the ad exchanges. Advertisers can spend anywhere from $5 to hundreds of thousands.

For large corporations and scrappy startups alike, a strong mobile presence is increasingly important. Lohrasbpour said there is a significant discrepancy between the amount of time people spend looking at the screens of their mobile devices and the amount of money advertisers spend on mobile ads.

“A tiny portion of ad spending goes to mobile,” he said. “Advertisers are overspending on other types of media, and a big part of our real-time bidding mobile platform is to create efficiency, so marketers can reach the right people at the right time, and publishers can make enough through publishing ads to sustain their efforts.”

LeanMarket works with big ad exchanges like Nexage and MoPub and is already serving millions of impressions per day on mobile with beta advertisers, and growing 10% a week. There are competitive services out there, like Moolah Media, but the excitement surrounding this type of technology means there is room for multiple players in this emerging marketplace.

Read more about the emergence of RTB for mobile ads on VentureBeat. 

Ad company OpenX, which helps publishers and enterprise companies sell valuable ad space, said today it has acquired LiftDNA, which helps find untapped ad sources and track how much money publishers make off of ad campaigns.

OpenX is an ad-serving company that takes a holistic approach to managing ad campaigns and inventory. The company set out to combat a problem most publishers face: the need to manage multiple ad services with different companies.

In February 2011, OpenX launched OpenX Enterprise, an ad server and ad exchange that helps publishers manage several advertising services in one place. When it first launched, the company touted OpenX Enterprise as its first product to beat out competitors like Google’s DoubleClick by offering publishers a more holistic view of their ad inventory.

“Everything is built into the ad server — impressions come up from sales, bids are in one place — no one else does that,” OpenX’s chief executive, Tim Cadogan (pictured above), told VentureBeat, ”Fundamentally, we are different because we are open and neutral from a publisher standpoint, unlike Google whose revenue comes mainly from ads.”

LiftDNA is a supply-side platform that helps publishers find untapped ad revenue and manages insights from publisher’s ad campaigns. With the acquisition, OpenX is releasing a new product called LiftDNA by OpenX, which will offer a large inventory of ads. The product will combine services from both companies, which have been working closely together for several months.

“LiftDNA drives more revenue for publishers, leverages the data and insights in the ad server to be more intelligent, and helps manage ad networks,” LiftDNA’s chief executive, Vadim Telyatnikov, told VentureBeat.

OpenX’s main competitor is Google’s DoubleClick, but the company’s CEO, Cadogan, said both Google and Microsoft are active in the space and that OpenX has its eyes on what those companies will do in the future.

OpenX’s clients include daily-deals site Groupon and Orange-France Telecom. The company has raised $50 million from SAP Ventures, AOL Ventures, Mitsui & Co. Global Investment, Presidio Ventures, Accel Partners, and Index Ventures. OpenX is based in Los Angeles, with offices in New York, Philadelphia, London, and Japan.

July 9-10, 2013
San Francisco, CA

Early Bird Tickets on Sale

Web browser maker Opera Software announced today that it is officially getting into the advertising business with the launch of its Open Mobile Ad Exchange.

The service brings cloud-based ads to feature phones and smartphones via the Opera Mini web browser, which has some 66.5 million users worldwide. It will offer publishers a way to maximize their revenue from Opera apps and mobile websites, advertisers will be able to take advantage of real-time analytics and reporting, and it will have support for advanced campaign management.

The Open Mobile Ad Exchange most likely comes out of Opera’s purchase of mobile advertising firm AdMarvel in January.

Unlike Apple’s iAd (which stems from its Quattro Wireless purchase) and Google’s recently acquired AdMob, which are both focusing on smartphone advertising, Opera may be able to carve out a decent advertising niche among feature phones and low-end smartphones. Opera Mini is one of the most popular ways for feature phone users to browse the web, and Opera’s many years pursuing mobile browsing will make it tough to overthrow.

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Exelate

The company touts that its data exchange is “the first and largest open marketplace for audience targeting data” — making it a go-to choice for publishers that want to better target their ads to visitors. Last year, it launched the teXi:DM Data Management suite to better help publishers manage their targeted data, and last month it unveiled its teXI:PM Private Marketplace offering, which allows publishers “to create their own one-to-one transparent relationships with data buyers in a closed, privacy-friendly, highly functional data marketplace.”

Exelate says that proceeds from its latest investment round will go towards cementing the standing of its data marketplace, and to increase the functionality of its data management tools.

Based in New York, NY, Exelate’s latest funding round was led by Menlo Ventures and Carmel Ventures. The latter previously invested $4 million in the company’s first round — bringing its total funding thus far to $19 million.

Both Google and Invite Media have yet to confirm the news, but “multiple sources” tell All Things Digital that it’s a done deal. Google is apparently planning to keep the company running as a standalone unit because, like most other DSPs, it lets its users navigate multiple ad exchanges. So in addition to Google’s AdX, it will continue to work with competing services like Microsoft’s AdECN, Yahoo’s Right Media, and OpenX.

Eventually, Google will integrate Invite with its DoubleClick for Advertisers ad-serving technology. It won’t force users to use DoubleClick, but Google will make sure the services work together seamlessly.

The news also doesn’t bode well for DSP competitors like MediaMath, who may now be valued less than investors anticipated and can no longer look forward to being purchased by Google.

The Philadelphia, PA-based Invite Media previously raised an undisclosed amount of seed funding from First Round Capital, Genacast Ventures, Creative Commerce, and Comcast Interactive Capital. Investors certainly made back their money, according to sources close to the company, but they also expected the company to sell for more than $70 million.