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	<title>VentureBeat &#187; online display</title>
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		<title>Investors make a $27M bet in ad-tech startup DataXu</title>
		<link>http://venturebeat.com/2013/02/07/investors-make-a-27m-bet-in-ad-tech-startup-dataxu/</link>
		<comments>http://venturebeat.com/2013/02/07/investors-make-a-27m-bet-in-ad-tech-startup-dataxu/#comments</comments>
		<pubDate>Fri, 08 Feb 2013 02:33:47 +0000</pubDate>
		<dc:creator>Christina Farr</dc:creator>
				<category><![CDATA[Big Data]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[ad-tech]]></category>
		<category><![CDATA[advertising technology]]></category>
		<category><![CDATA[display advertising]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[online advertising]]></category>
		<category><![CDATA[online display]]></category>

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		<description><![CDATA[<p>DataXu pulled in $27 million in funding today, proving that investors continue to see potential in the massively complicated world of&#160;ad-tech.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=619049&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2013/02/07/investors-make-a-27m-bet-in-ad-tech-startup-dataxu/dataxu/" rel="attachment wp-att-619056"><img class="alignnone size-large wp-image-619056" alt="dataxu" src="http://venturebeat.files.wordpress.com/2013/02/dataxu.jpg?w=558&#038;h=373" width="558" height="373" /></a></p>
<p><a href="http://dataxu.com" target="_blank">DataXu </a>pulled in $27 million in funding today, proving that investors continue to see potential in the massively complicated world of ad-tech.</p>
<p>The Boston-based startup was founded by a group of MIT scientists who wrote the combinatorial language for NASA&#8217;s Mars mission. To commercialize the tech, the scientists brought in executives with digital media and consumer electronics expertise, who saw a huge opportunity in helping marketers to target their advertising.</p>
<p>DataXu started its life as a platform to help that helped marketers place their ads in real time ad exchanges &#8212; the company would take a cut of any media they bought. The company has found it can make more money by licensing software, which lets ad buyers make their own decisions.</p>
<p>The company provided a case-study to demonstrate how it worked with Adobe to use online display advertising to drive sales. DataXu claims its approach yielded a 60 percent increase in online sales with a 36 percent reduction in media costs.</p>
<p>The round of funding was led by Thomvest Ventures with participation from existing investors Atlas Venture, Flybridge Capital Partners and Menlo Ventures. DataXu has now raised $65 million.</p>
<br />Filed under: <a href='http://venturebeat.com/category/big-data/'>Big Data</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/enterprise/'>Enterprise</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=619049&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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