nToggle Closes $5.6M in Series A Funding

Funding Rounds

▤ Summary

nToggle, a Boston, MA-based ad tech company in stealth mode, closed $5.6m in Series A funding.The company intends to use the funds to continue to advance the platform.Founded by ad tech veteran Adam Soroca (former chief product officer at Jumptap, acquired by Millennial Media), nToggle uses a proprietary algorithm-driven software platform for supply and demand partners manage their bid stream.The company’s big data platform “toggles” real time bidding requests across all digital media, utilizing analytical and machine learning techniques to optimize supply and demand matching.The beta rollout is expected later this quarter with industry leading supply and demand partners.

$ Funding

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Amount $5.6M Total raised
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Date February 3, 2015 Announcement date
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Investors Bessemer Venture Partners, Sigma Prime Ventures Lead investors
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Company http://www.ntoggle.com Funded company

▥ Classifications

industries
HealthTech
applications
Networking and Cloud

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