Today I am very pleased to share the news that we have closed a Series B round of financing with Menlo Ventures for $11m. Our friends and original investors – Atlas Venture and Flybridge Capital – also participated. Needless to say, this marks an important milestone in our company’s young history. Just like the real time decision technology we pioneered – things are moving quickly!
We are thrilled to have the financial backing of Menlo, one of Silicon Valley’s largest, most established and successful venture firms, and to welcome Managing Director John Jarve, a 24-year veteran of the firm, to DataXu’s board of directors. This investment is strong validation of what we’ve accomplished to date, and a harbinger of the growth and opportunity in our marketplace. I’m proud of the talented team here at DataXu, and thank our customers for their enthusiastic support. Stay tuned for some exciting new solutions; the best is yet to come!