San Francisco, June 19, 2017 – Samba TV, a data and analytics company offering the world’s leading TV Audience Platform, today announced that it has secured $30 million in Series B financing led by Union Grove Venture Partners and followed by Interpublic Group, MDC Ventures, Time Warner, A+E Networks, TGM, Draper Associates and Ambition VC.
Samba TV will use the funding to expand operations internationally and launch a variety of transformative products in the media and advertising industry. The company’s Series B is the second round of funding since January 2012, which included August Capital, Mark Cuban and others.
With Samba TV’s real-time, opt-in TV viewership insights and powerful connected device map, Samba helps brands maximize cross-screen marketing performance through TV-synchronized digital ads and attribution models that chart the consumer’s path to purchase, leading to more data-informed media buying decisions. Samba TV’s proprietary household device map totals more than 66 million devices for 1:1 mapping and 1B+ digital devices for programmatic reach including smart TVs, set top boxes, smartphones and other connected devices.
“Samba is bringing unparalleled transparency into TV audiences through trusted insights and precise targeting across platforms,” says Ashwin Navin [pictured], CEO and co-founder of Samba TV. “That innovation has been a catalyst for our profitability and enabled us to realize 5,000% revenue growth over the last 3 years. We raised this growth round with a specific strategy to further expand the Samba TV Audience Platform to major media markets across the world and continue our trajectory of growth and rapid innovation.” More..