SteelHouse Hits $130M In Revenues

Los Angeles-based advertising software developer SteelHouse said it had a $130M revenue run rate in 2015, after seeing a growth of 170% during the year, the company said Wednesday. The company, led by Mark Douglas, offers up software to help its clients with social, mobile, and display advertising. The company did not say why it has seen such a fast growth. Steelhouse is venture backed by Mercato Ventures, Greycroft Partners, and others, and says it has been profitable for more than two years.