AdBrite raises $23M to keep up with ad network race

AdBrite raises $23M to keep up with ad network race

Updated. And, read our Q&A with AdBrite cofounder Philip Kaplan here.

Online advertising company AdBrite has raised $23 million in a third round of funding from investors led by DAG Ventures and including Sequoia Capital, Mitsui Ventures, and hedge fund Artis Management.

The funding comes as an increasing number of companies are building ad networks, lured by the lucrative buyouts of such companies of late. Microsoft, Yahoo, Google and others are shelling out billions for the best… Continue Reading