Thursday, April 16, 2009

DataXu Raises $6 Million in First Round of Venture Capital - Cambridge, MA

DataXu, the Cambridge-based developer of an Internet advertising system, has raised $6 million in its first round of venture capital, according to a report in peHUB, which cited a regulatory filing. Investors in the deal include Flybridge Capital Partners and Atlas Venture. Currently under development, DataXu’s technology is an automated system that matches advertisers, publishers, and web users at a rate of hundreds of thousands of requests per second, according to the company, which was founded by MIT alums and professionals.


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