Adify Brings in Another $19M
More great news from Adify, the ad network startup founded by Larry Braitman, Rick Thompson and Russ Fradin of Flycast fame. The company announced this week it raised $19M from VCs and major media companies NBC Universal and Time Warner, both of which are pursuing partnerships with Adify. NBC coincided the news with their own announcement of a new $250 million fund focused on media and technology companies; the Adify deal represented their first investment.
Reuters wrote an exclusive story, and a series of positive stories and commentaries from other media outlets and bloggers followed.