Rubrik offers a “Cloud Data Management platform”. That sounds super-sexy but is mostly about boring things like data backup and copy management. On the other hand, they just raised $180 million in Series D at $1.3 billion valuation. That’s sexy in its own way. No, they don’t call it a CDMP.
Let’s talk local marketing. eRelevance is a “marketing automation service” whose staff uses proprietary technology to run retention and upsell programs for small business clients. The company just took $5.1 million more funding, bringing its total to $13.7 million since 2013. With nearly 800 customers and $4 million annual run rate, it costs about $5,000 per year: reasonable but still more than many small businesses will spend.
Advertisers might be dragging their feet on privacy, but fraud has their full attention. Here we have programmatic platform AcuityAds announcing a partnership with Fraudlogix to expand protection. AcuityAds says they currently block 27% of all digital inventory due to fraud and quality issues. Yikes.
It’s deal-making time for generative AI model builders and publishers who can provide them with quality data. Germany publishing giant Axel Springer is trading access to its data for Microsoft adtech, AI, and Azure hosting solutions. Meanwhile, The Financial Times has struck a deal with OpenAI to license its content with attribution of summaries and quotes.