Optable, a Montreal, Canada-based Software-as-a-Service (SaaS) data collaboration platform and clean room solution designed for the advertising ecosystem, announced that it secured $20 million in Series A financing
The investment round was from a syndicate of investors which includes Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures, asterX, and others.
The new capital will enable it to scale up its global presence, technical talent, and product development, focusing on building new data collaboration solutions to address the needs of the industry.
"Optable has made enormous progress in delivering a privacy-centric, transparent, and interoperable solution to the market," said Yves Poiré, Co-founder and CEO, of Optable. "Having such a great and diverse syndicate of strategic investors validates our approach. We look forward to collaborating with them to accelerate our expansion strategy and drive real results for our rapidly growing customer base across the globe."
Optable is leading the way in making the data cleanroom approach to collaboration easier and more efficient for the advertising ecosystem.
Company: Optable Technologies, Inc.
Raised: $20.0M
Round: Series A
Funding Month: April 2023
Lead Investors:
Additional Investors: Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures, and asterX
Company Website: https://www.optable.co/
Software Category: Data Collaboration Platform and Clean Room Solution
About the Company: Founded by Yves Poiré, Vlad Stesin, and Bosko Milekic, Optable is a data collaboration and clean room solution designed for the advertising ecosystem in the age of privacy. The product was inspired by the radical transformation in how audience data is governed, connected, and activated. Optable takes an end-to-end approach to data collaboration and is integrated with ad delivery platforms for secure activation, making it possible to deploy campaigns directly from a clean room. It is the only clean room solution that offers frictionless collaboration and interoperability, enabling customers to safely and securely match audience data with any partner.
Source: https://www.prnewswire.com/news-releases/optable-closes-20-million-series-a-financing-broadens-investor-syndicate-in-new-round-301799373.html