Pixalate announced recently an $18.1 million of additional growth capital for its fraud protection, privacy, and compliance analytics platform for connected TV (CTV) and mobile advertising.
The latest funding round, which was led by Western Technology Investment and Javelin Venture Partners, has brought Pixalate’s total investment to $22.7 million to date.
“I’m thrilled to partner with WTI and Javelin Venture Partners as we enter the next phase of the company’s growth,” said Jalal Nasir, founder and CEO of Pixalate. “Pixalate is excited to expand its global footprint in EMEA and open a potential new office in Singapore.”
Pixalate says it analyzes more than 5 million apps across five app stores and more than 2 billion IP addresses across 300 million connected television devices and 80 million domains to detect and report fraudulent advertising activity for its customers.
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“We are proud to strengthen our investment in Pixalate, a proven global leader in ad fraud, privacy, and compliance metrics, particularly in new and emerging markets such as Connected TV,” said Noah Doyle, Managing Director at Javelin Venture Partners. “Their data footprint is unprecedented, and we look forward to working with them to further their growth globally.”
The new funding will be used to expand its global product offering to support data privacy and compliance risks, Pixalate says. Its funding is directly “focusing on emerging international regulatory obligations such as GDPR, CCPA, and the Children’s Online Privacy Protection Act (COPPA)”. The company’s revenue grew by 1,200% since 2014.