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AI advertising startup valued at $4B after fundraising

1 pointsby starwin1159about 1 year ago

1 comment

starwin1159about 1 year ago
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at <a href="https:&#x2F;&#x2F;www.ft.com&#x2F;tour" rel="nofollow">https:&#x2F;&#x2F;www.ft.com&#x2F;tour</a>. <a href="https:&#x2F;&#x2F;www.ft.com&#x2F;content&#x2F;4c7bee10-51d3-489b-873a-765157af8aac" rel="nofollow">https:&#x2F;&#x2F;www.ft.com&#x2F;content&#x2F;4c7bee10-51d3-489b-873a-765157af8...</a><p>Advertising start-up The Brandtech Group has been valued at $4bn after raising new funds that will be used to disrupt the traditional advertising industry using artificial intelligence to create marketing campaigns.<p>Founded by former Havas chief executive David Jones, the group has raised $115mn from new investors including Fimalac, the French company that used to own Fitch, and NendoLabs, a venture capital firm, valuing the group at $4bn. Existing investors including Mousse Partners and Bansk Group also backed the new fundraising.