Marketing measurement specialist Marketing Evolution has closed a $26.1 million funding round, bringing total funding to $50.7 million. Marketing Evolution assembles customer and campaign data to estimate marketing program results and recommend optimal budget allocations.
Business intelligence vendor Domo has continued its extension beyond reporting with Campaigns, which can generate real-time event-triggered email marketing messages. Domo says that Campaigns can replace marketing automation for most types of email campaigns. Other marketing applications will follow.
One exciting possibility for out of home ads is to combine them with augmented reality experiences. Geon Network, which has more than 1.5 million AR objects in place worldwide, rewards consumers for spending time at real-world locations. They just announced a partnership with XYO, which captures consumer locations and provides a cryptocurrency for payments.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.