Home Investment More DMP Investment: Lotame Receives $15M In Funds

More DMP Investment: Lotame Receives $15M In Funds

SHARE:

lotameLotame, known for its data management platform (DMP), has received a $15 million injection in Series D funding, led by Sozo Ventures and TrueBridge Capital Partners. This brings Lotame’s total funds raised to $44 million.

These new funds, said CEO Andy Monfried, will be used to enhance the platform’s technology and expand globally, particularly in Asia.

“Some of the goals I have in mind are enhanced visualization of data,” Monfried said of the former, noting that many clients now want custom dashboards to display their personal KPIs. “Better attribution, cross-device technology, delivery of audience, ongoing optimization and machine learning.”

Cross-device capabilities in particular have been an area of interest for Lotame; the company last week was in the running to acquire cross-device targeting startup AdMobius.

“We think they’re a great company and a great group of guys with a bright future, but I’m not in a position to comment on that,” Monfried said.

The trends driving Lotame’s technological direction center around the diversity of data now flowing into DMPs. Whereas in the past, most of the information was campaign-level data and web content, now clients are pumping in CRM, point of sale information and other offline assets.

“I had a conversation this morning about…bringing loyalty card data online,” Monfried said. “We’re starting to see new robust sets of data coming online. The DMP [provides] digital visualization.”

He added Lotame intends to expand globally by increasing the languages the DMP supports, particularly around Asia and different character recognitions.

The company’s fresh round of funding comes barely a week after Oracle went public with its intent to acquire data exchange and DMP provider BlueKai. That DMPs have become targets for acquisition (previous high-profile examples include Neustar’s purchase of Aggregate Knowledge and Adobe’s purchase of Demdex) validate the value of the DMP, Monfried said: “[They] show how valuable the DMP has been and can be.”

But he also anticipates Lotame will continue to function as an independent technology company, at least in the near future. “When it comes to data management, independence is our route in the near term,” Monfried said. “I think large companies want to know that someone like Lotame has their best interests in mind, that we’re not compromised in any way shape or form.”

Tagged in:

Must Read

The Trade Desk’s Revenue Growth Stalls As Big Brands Tighten Their Belts

“Our revenue growth is below our expectations and below the standard we hold ourselves to,” The Trade Desk CEO Jeff Green told investors.

Comic: Measuremints

Nielsen Is Acquiring DoubleVerify For $2.15 Billion

On Thursday, Nielsen entered into a definitive agreement to acquire DoubleVerify in an all cash transaction valued at approximately $2.15 billion.

WBD Hopes To Buoy Linear TV Long Enough For Streaming To Find Its Way

Warner Bros. Discovery cited softer ad sales growth and the continued decline of linear TV as its reasons for missing investor expectations in Q2. Unsurprisingly, streaming ads are the biggest bright spot on WBD’s earnings report card.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters
Comic: The Mobile Freight Train

AppLovin Asks For Patience As It Grows Its Ecommerce And Consumer Ads Business

“We’re deemed a new bucket, so a testing category,” AppLovin CEO told investors regarding its nascent consumer and ecommerce ads business. “And to graduate up takes time. This stuff compounds over quarters and years.”

Magnite Doesn’t Want To Be A DSP. It Just Wants To Own The Decisioning Layer

On Wednesday, Magnite CEO Michael Barrett painted a picture of a company that’s edging into the buy side by adding more DSP-style capabilities for planning and activation.

For Cuisinart, AI-Generated Ads Are As Handy As A Kitchen Blender

Cuisinart’s marketing team has been eager to take advantage of generative AI-based creative.