Money

News Corp. invests $10M in ad tech company AppNexus, as part of $31M round

Written by Jaymin Shah

Programmatic advertising outfit AppNexus has closed a $31m round of funding, with News Corp now among its major investors, furthering its interest in adtech by contributing $10m to the latest round.

The announcement was made today (28 September) and follows last week’s $1bn IPO from fellow adtech outfit The Trade Desk.

As part of the partnership with News Corp, AppNexus’ full suite of technology products are being made available to its media brands, several of which already employ the AppNexus SSP and Yieldex Analytics, including Dow Jones, News UK, and News Corp Australia.

Commenting on the update, AppNexus president Michael Rubenstein said: “Today’s announcement signals our joint commitment to innovation over the long term. As News Corp accelerates its digital expansion, AppNexus will provide leading-edge technology.”

David Brinker, senior vice president and head of business & corporate development at News Corp, added: “As individual businesses in our company started adopting AppNexus products into their technology stack, we gained further appreciation for their services. We are pleased to invest in AppNexus as we continue our partnership across our news, real estate and technology assets.”

The announcement also augments AppNexus’ existing relationship with Unruly, a video advertising technology company that News Corp acquired in September 2015. Under that partnership, buyers and sellers of outstream inventory enjoy both the reach of AppNexus’ video buying platform and the quality and scale of Unruly’s viewable video SSP, UnrulyX.

About the author

Jaymin Shah

Jaymin Shah is a tech entrepreneur. He is the Founder & CEO of TechOptimals. He has made a name for himself in the tech media world as a writer relentlessly covering Technology, in addition to a broad range of startups. Contact Jaymin at jaymin@techoptimals.com

Leave a Comment