Tuesday, February 26, 2013

OpenX Adds Japanese Investor

Los Angeles-based OpenX Software has a new investor, the firm said today, Japanese company cyber communications, inc. According to OpenX, cyber communications, which is a wholly owned subsidiary of Dentsu Inc., joined in providing additional financing in the company's Series E round. OpenX said it has now raised more than $75M in funding.

OpenX announced the initial close of its Series E funding in January. The roudn was led by Samsung Venture Investment Corporation, and also included Accel Partners, Index Ventures, SAP Ventures, Mitsui & Co. Global Investment, Inc., and Presidio Ventures. The company said it is using the new funding for growth, for acquisition, and for international expansion.

OpenX is a developer of online advertising technology, used by online publishers to serve up online ads on their websites; the firm also runs a real time ad exchange market. The company said it now has more than 260 employees.

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