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New York-based Video Advertising Platform Innovid Has Secured a $30 Million Investment

January 11, 2019 / iClarified

Innovid, a New York-based video advertising platform, has secured a US $30-million investment in the pre-IPO funding round. The investment was made by the Goldman Sachs Private Capital Investing Group. The company intends to use the funds to advance its end further to end CTV platform as well as to expand its global presence. As of now, Innovid creates, delivers and measures video ads for brands like Toyota, Bank of America, L’Oreal, Campbell, GlaxoSmithKline, and others. It works across connected and streaming devices such as Amazon Fire, Roku, Samsung TV, and Apple TV. The company recently launched OTT Composer, a self-service authoring tool to create and publish experiences for connected TV advertising. The company has offices in Chicago, San Francisco, London, Sydney, Tel Aviv, New York, and Singapore.