Outbrain News

Busy Quarter: Innovation, Profitability and New Funding

Yaron Galai
Yaron Galai

Busy Quarter- Q1 results

While much of the tech/finance press is busy covering the demise of unicorns and the Silicon Valley funding winter, I’m happy to announce that Outbrain has closed a new round of funding. This adds to our last round and brings it to a total of $45M. As with most of our previous rounds, I am personally investing in this round as well.

As an investor (and hopefully speaking on behalf of our other investors…), here are some of the highlights that are exciting to us:

  • The acquisition of Revee allows Outbrain, for the 1st time in the Content Discovery space, to algorithmically maximize the revenue for publishers, and turn their audience development from a cost center to a profit center.
  • Outbrain has built the 1st two-way chatbot technology in the Content Discovery space for powering content recommendations inside chat/messaging platforms. We announced a partnership with CNN on this technology at Facebook’s F8 conference.
  • Being profitable in Q1, which is typically the weakest quarter for companies in our space, didn’t hurt either… 😉

Outbrain created the market for Content Discovery and leads in Content Marketing, continuing to innovate for quality performance, driving results for publishers and brands. We intend to use the new investment to continue leading on product innovation, both organically, like Outbrain for Chat, and through acquisitions like Revee.

As they say – hot market or cold, it’s never a bad time for great companies to raise capital.

Yaron Galai

Yaron Galai

Yaron is Co-Founder and Co Chief Executive Officer at Outbrain. Prior to founding Outbrain, Yaron was Co-Founder, SVP of Quigo, Inc., a provider of performance-based marketing solutions for advertisers and premium publishers. He previously served as the CEO of the company for three years. Quigo was acquired by AOL in December 2007. Previously, Mr. Galai was Co-Founder & VP Business Development at Ad4ever, a developer of rich-media advertising technologies for the web which was later acquired by Atlas (a division of aQuantive). Earlier, he was the Founder of NetWorks Web Design - an SEO and web design firm. At NetWorks he oversaw the production and search engine optimization of over 30 websites. Mr. Galai studied industrial design at the Holon Technological Institute, and is a Major (reserve) officer in the Israel Navy.