Thursday, February 13, 2020

GumGum Gets $22M More For Advertising AI Software

Santa Monica-based GumGum, which develops artificial intelligence software for the advertising and media market, has raised $22M more in a funding round, the company said on Thursday. According to the firm, the new $22M funding came from Morgan Stanley Expansion Capital, NewView Capital, and Upfront Ventures. All three of those investors are existing investors in the company. GumGum is led by CEO Phil Schaeder. As part of the funding roudn, the company said that Lisa Licht has joined the company's Board of Advisors. Licht is a marketing and brand partnership consultant for AllBright, Illumination Animation, the Metrograph and Exploding Kittens. She previously also served as CMO at Live Nation Concerts, and also served at Mattel, 20th Century Fox, Hasbro and Yahoo. GumGum said it had $155M in global revenue in 2019. More information »

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