Video ad creation platform VidMob has raised a $25 million Series B, bringing total funding to over $45 million. VidMob pushes video ads to social network, analyzes the impact of different attributes on results, and suggests improvements. The company calls this an “API for creativity”. We all knew that was coming.
Roughly half of ad buyers said they were using CDPs from Salesforce (62%), Oracle (45%), and Adobe (42%) before those products were released, according to research firm Advertiser Perceptions. I couldn’t find a copy of the study but Ad Exchanger says the author blamed the bizarre result on confusion about the definition of CDP. It’s a testimony to brand power and reminder to treat survey results with caution.
Speaking of bad martech decisions, CabinetM is helping marketers cut their losses by alerting them when contracts on unused systems are about to auto-renew. CabinetM offers a variety of tools and services to help marketers manage their technology.
“Ask Meta AI anything” is what you now see instead of the traditional search bar across Meta apps such as Facebook and Instagram. Meta AI will still perform the basic search function but will also answer questions and chat with you. It should hardly be a surprise when a tech company launches a genAI solution these days but this is a bold challenge to Google and Open.ai (it’s also available as a standalone tool at Meta.ai).