Home / Science | Technology / AdvertAsia snags another $2.5M led by listed Japanese newsreader firm Gunosy

AdvertAsia snags another $2.5M led by listed Japanese newsreader firm Gunosy

Japanese information app Gunosy, which listed at the Tokyo Stock Exchange two years in the past, has put its weight and cash at the back of bold advert tech startup AdvertAsia.

Singapore-based AdvertAsia, based in April 2016 by Japanese advert pros Kosuke Sogo and Otohiko Kozutsumi, introduced that it has raised an additional $2.five million along with the $12 million Series A it closed in April.

The further capital comes courtesy of Gunosy and angel investor Hisanori Watanabe, the previous founder and CEO publicly traded Japanese e-commerce firm WebCrew. VC firm JAFCO fronted the unique $12 million spherical in its entirety.

AdvertAsia CEO Sogo up to now instructed TechCrunch that he plans to take the corporate public in Japan probably once subsequent yr, and it’s transparent that each Gunosy and Watanabe’s stories are prone to lend a hand in that space.

More at the moment, AdvertAsia plans to make use of this extra capital to boost up the improvement of its synthetic intelligence engine that fits promoting purchasers with appropriate publishers and types.

In addition, Gunosy — which has advanced AI for its provider — stated it’s going to supply some advert gadgets on its cellular apps to AdvertAsia completely to spice up its industry.

AdvertAsia stated it has ten places of work throughout 9 international locations in Asia. The corporate claims its paintings with over 300 purchasers generated over $12 million in earnings ultimate yr, which helped it achieve profitability inside its first yr of operations.

Gunosy hasn’t been shy making strategic offers. Its earlier investments come with Indonesia-based newsreader Kurio and the purchase of sport technique website Game8.

Featured Image: vitma/Shutterstock

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