Home Ad Exchange News Dynamic Yield Raises $31M To Drive Machine Learning For Retail Marketers

Dynamic Yield Raises $31M To Drive Machine Learning For Retail Marketers

SHARE:

Dynamic Yield, a personalization platform for publishers and ecommerce brands such as Under Armour and Sephora, has raised $31 million in Series C financing, the company announced Thursday, bringing its funding total to $45 million.

New investors Deutsche Telekom Capital Partners and La Maison joined existing investors like Baidu to help the company expand its offices globally and ramp up headcount with 30 new data engineering, sales and marketing roles.

No investors took money off of the table, according to Dynamic Yield CEO Liad Agmon, who quipped that he would “buy more shares” if he could.

“It was a heavily oversubscribed round for us, so we’re lucky,” he said. “One reason we added Deutsche Telekom is Germany is a strong market for us and it opens a lot of new opportunities through their network to expand our product and fast-growing offices in Berlin and Singapore.”

Dynamic Yield, which described itself as an “ad server for onsite content” in its earliest iteration, claims it was early to the race to tackle web personalization for retailers. 

Its tool lets marketers onboard and activate data, surface personalized recommendations and run site and in-app analytics across devices – all from the same platform.

Agmon claimed Dynamic Yield is much more predictive than traditional A/B testing tools, which he said are limited because they simply reduce campaign performance down to “averages.”

And Dynamic Yield claims to have a richer data set compared to its competitors. Like Google Analytics and Adobe Analytics, Dyamic Yield tags websites and onboards first- and third-party data through a relationship with Oracle Data Cloud.

Dynamic Yield has also doubled down on machine learning, employing 70 data engineers across its global offices.

“The way we look at machine learning is for each individual user,” he said “We have an increasingly large set of data based on first- and third-party data, CRM and purchase history, and the ability to crunch all these data points and rank their importance to craft an experience in real time. This is where machine learning comes into play.”

While an advanced algorithm might help a marketer create custom audiences based on purchase history or loyalty, Agmon argued that its machine learning can help generate a different website or ad experience with unique recommendations for each individual user – each time around.

“We think there’s too much focus on analyzing revenue per session or determining what happens after I click on an ad, arrive on a website and make a conversion,” Agmon said.

Although maximizing ROI per session is important, consumer journeys are far less linear.

The reality is, consumers today are likely to see an ad for a product on Facebook, visit the website and browse, but transact three days later in-app.

“While we’re not an attribution solution, this is why attribution has become incredibly important,” Agmon said. “We’re creating tools for retailers and B2C companies to create continuity from the mobile to the desktop experience independent of how someone accesses them.”

Tagged in:

Must Read

Why Wall Street Turned Against The Trade Desk

The Trade Desk is less than a third as valuable as it was a year ago. It retains about one-tenth of its high-water market cap from December 2024, when the company was worth almost $70 billion. Why did investors lose the faith?

Garrett McGrath, President, Prebid.org

Prebid’s New President Is Its Former Chairman, Garrett McGrath

McGrath left Prebid in June following five years as board chairman after stepping down as SVP of product management at Magnite. But now, overseeing Prebid will be his full-time job.

TV Manufacturer Telly Touts Programmatic Home Screen Ads

Telly, the startup that gives away free smart TVs in exchange for data and ad exposure, is making its home screen ads available for brands to buy programmatically – and pushing for industry standards to help attract more spend. 

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

AI Is Helping L’Oréal Brainstorm Unique Ways To Reach Male Audiences

L’Oréal adopted creative AI platform Springboards to generate creative ideas that led to a collaborative, ongoing ideation process.

AdExchanger's Big Story podcast with journalistic insights on advertising, marketing and ad tech

Google Had Its Day In Court. Now, It’s Amazon’s Turn

Google won’t have to break up its ads business after being declared an online monopolist. Meanwhile, Amazon faces a lawsuit from the FTC alleging that it charged advertisers more than necessary for ecommerce ads.

The FTC’s Amazon Lawsuit Is Ad Tech’s History Of Opacity Repeating Itself

Buy-side experts said it’s another example of a Big Tech platform taking advantage of the lack of transparency built into programmatic ad auctions. And they’re not optimistic change is coming.