StackAdapt, an AI-driven programmatic advertising platform, has completed a $235 million equity funding round led by Teachers' Venture Growth, valuing the company at approximately $2.5 billion. Established in 2014, StackAdapt has capitalized on the surge of programmatic advertising, which now constitutes over 90% of digital ad spend. The company aims to combat industry challenges such as ad fraud and data protection, capitalizing on its extensive AI expertise to ensure cost-effective and secure advertising solutions for diverse sectors, including healthcare and retail.
"StackAdapt continues to see strong demand for our product as we help customers drive business results while navigating industry challenges."
"With programmatic now accounting for over 90% of digital ad spend, StackAdapt is addressing key challenges like fraud prevention and data protection."
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