Tuesday, May 31, 2011

OpenX Gets $20M From SAP, Others

Los Angeles-based OpenX Technologies, the developer of online advertising serving software, announced this morning that it has raised $20M in a Series D funding round. The round was led by SAP Ventures, and also included new investors AOL Ventures, Mitsui & Co. Global Investment, Inc., and Presidio Ventures, along with prior investors Accel Partners, Index Ventures and DAG Ventures. As part of the funding SAP Ventures will join the company's board. The firm said the new funding will go to accelerate growth, internatioanl expansion, and further adoption of its OpenX Enterprise software. The firm has now raised more than $50M in funding. The round had been uncovered earlier by socalTECH. More information »