Red Banyan Group client Boost Media made a major and incredibly exciting announcement last week! The ad optimization company has raised $19 million in Series C funding. The funds, from Battery Ventures and a handful of other top investors, will help fuel Boost’s product expansion and the company’s growth.
Boost has also added two new executives (formerly of Google and Marketo) to its growing team, and reached the $1 billion milestone of paid search ads optimized for 100 leading global brands.
Below is a link to the press release, as well as its full text:
Boost Media Raises $19 Million to Fuel Product Expansion and Engineer Growth
Momentum continues as two new execs join Boost’s growing team, and the company celebrates its $1 billion milestone of paid search ads optimized for 100 leading global brands
San Francisco, CA (PRWEB) November 19, 2014
Boost Media, a rapidly growing leader in creative optimization marketing technology, today announced that it has raised $19 million in Series C funding, led by Battery Ventures. Other participating investors include Javelin Venture Partners, Pinnacle Ventures, Webb Investment Network and individual investors. Battery General Partner Roger Lee has also joined Boost Media’s board of directors.
Boost will use this latest wave of funding to grow its innovative product and its engineering teams, expand its product reach beyond paid search and into social, display and mobile ad optimization, provide customers deeper analytics on creative strategies, and spur international growth.
What differentiates Boost Media is the company’s unique blending of machine-learning algorithms with a curated network of human writers and designers. This helps customers optimize their online advertising like never before, increasing ad performance, and ultimately, revenue and profit. With the Boost Cloud™, organizations can marry the natural creativity of individuals with the automation and efficiency of a cloud-based platform to generate ad copy at scale. Marketers can also test and activate new creative strategies to drive engagement and performance. In other words, digital marketers can finally understand not just which strategies work, but also why.
To date, the company’s technology has powered $1 billion in paid search ads for 100 premium global brands across the retail, education, financial, healthcare and insurance, casual gaming, auto and travel verticals.
“The substantial growth we’ve seen demonstrates how urgently companies need professional and profitable solutions to manage and grow their marketing campaigns,” said David Greenbaum, founder and CEO of Boost Media. “This latest round of financing validates the service we provide and represents a strong vote of confidence in our vision, team and business model.”
Roger Lee of Battery Ventures said, “Creative optimization has become an invaluable weapon for digital marketers. The Boost team has built a very innovative solution to help marketers dramatically improve campaign efficacy, and we look forward to working with them as they continue to lead this important sector.”
Led by Chief Technology Officer Shawn Kernes, Boost’s product and engineering teams employ industry-leading technologies such as big data, image-object recognition, natural-language processing and text analytics to help customers optimize their ads amid an increasingly competitive paid search market. Business partners include Marin Software, Google DoubleClick Search, Facebook, Yahoo! and Kenshoo.
In addition to the funding, Boost has expanded its executive team with two new hires. Michael Feldman has joined the company as senior vice president of business development and Jeff McCarthy has been named vice president of customer success. Feldman was previously the head of business development for search ads at Google, while McCarthy was senior vice-president of client services at Marketo. McCarthy also has held executive roles at Adobe and MarkMonitor.
About Boost Media: Boost Media, the leader in creative optimization, has delivered more than $1 billion in optimized digital ads for leading brands. Using the Boost Cloud, a SaaS platform built for advertisers and agencies, marketers can source, test and optimize ad creative across search, social, display, and mobile. Boost also provides unprecedented insights that let marketers pinpoint which creative strategies are working and why. Based in San Francisco, Boost is used by more than 100 leading global brands to drive performance and mindset. To learn more about Boost Media, visit us at http://www.boostmedia.com.