OpenX Technologies Raises $10M Series C Funding

OpenX Technologies, Inc. (OpenX), the world's leading independent ad server for web publishers, today announced it has completed a $10 million Series C funding round that brings the total investment in OpenX to more than $30.8 million. DAG Ventures led the round and existing investors Accel Partners, Index Ventures, Mangrove Capital, First Round Capital and Jonathan Miller, the company's board chairman, all participated. OpenX will use the additional funds to further expand its market-leading advertising technology products and services and to rapidly accelerate the growth of the recently launched OpenX Market (Market), the company's unique new monetization platform. OpenX, then known as Openads, raised $5 million in its Series A financing, which closed in May 2007; it raised $15.5 million in its Series B financing, which closed in December 2007