PulsePoint Raises $30 Million From Silicon Valley Bank as Company Eyes Acquisition Targets
New Funds Will Expand Programmatic Content Marketing Business and Continued Investments in Cutting Edge Optimization Technologies
NEW YORK–(BUSINESS WIRE)–PulsePoint, a global programmatic platform for brand engagement, announced its recent $30 million debt financing from Silicon Valley Bank. The funds will be used for business expansion and future acquisitions of technology companies. This announcement comes on the heels of PulsePoint being named an Inc. 500 Fastest Growing Private Company, with 106% year-over-year revenue growth, strong profitability and solid cash flow and more than 800 billion biddable impressions across PulsePoint’s industry-leading programmatic platform in 2014.
“This financing enables us to aggressively capitalize on the burgeoning market opportunities before us, and the partnership with Silicon Valley Bank will certainly help us to reach our expansive growth goals, including M&A or future IPO,” said Sloan Gaon, CEO of PulsePoint. “The loan reinforces our position in the marketplace and allows us to accelerate the expansion of our already profitable company.”
“The evolution of PulsePoint’s corporate portfolio reaffirms our longevity within the programmatic space,” said Darline Jean, COO of PulsePoint. “We’ve been researching various M&A opportunities to grow our existing suite of proprietary technology and programmatic offerings.”