New York – Outbrain, a provider of content discovery and
recommendation technology for publishers, announced on Monday that it has
closed an $11 million, third round of funding.
Previous investors Carmel
Ventures, Gemini Israel Funds, GlenRock Israel, Rhodium and Lightspeed Venture
Partners participated in the round.
New York-based Outbrain, which recently
acquired AOL’s Surphace, has recently added All Things D, AOL, Lonely Planet
and the Los Angeles Times to its customer list.
The company says it is now
serving more than 2 billion page views monthly.
Outbrain will use the funds to
scale its operations and expand into markets in Israel and Europe, as well as
for further product development.