The capital boost will be used to accelerate R&D on Thirdpresence’s purpose-built AI. Nordic venture capital firms Inventure and Tesi participated in the funding round together with new and existing investors.
“Our purpose-built AI is designed to improve contextually relevant ad experiences, as well as improving brand safety and efficiency for advertisers,” states CEO Valtteri Pukander, in a press release. “Advertisers can expect a higher ROI, and our publisher partners have witnessed increased monetisation and higher user retention due to more relevant ads.”
This latest funding round bringing the total capital raised by the company to over six million US dollars. Thirdpresence has offices in Helsinki, New York and London.