The online advertising company AdBrite has raised another $23 million in a third round of funding from investors DAG Ventures, Mitsui Ventures, Sequoia Capital and Artis Management.
The funding is intended to be used to help stimulate growth and expand the current targeting capabilities such as behavioral targeting. Founder Philip Kaplan, states that Adbrite is currently the third largest ad network, behind Google and Advertising.com, with over one billion page views a day across a network of 50,000 publishers.
With some experience using the Adbrite Affiliate program I do surely hope that the funds be utilized in improving their service.
[tags] Google, Advertising.com, Adbrite, online [/tags]
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