Outbrain announces $200m investment from The Baupost Group
Summary
Outbrain, a leading recommendation platform for the open web, has announced that, as part of its strategic financing plan, it has secured $200 million in funding from investment manager The Baupost Group. “We are excited to announce this investment from The Baupost Group, who share our vision and commitment for our business, our team and our future prospects” said David Kostman, Co-CEO of Outbrain. We have bold plans for the future to continue delivering critical innovation to our premium media partners worldwide and expanding our powerful open web global advertising platform” added Yaron Galai, co-founder and Co-CEO of Outbrain. Earlier this year, Outbrain announced a partnership with KaiOS Technologies, a mobile operating system for smart feature phones. With over 140 million users across the globe, KaiOS is ready to offer a highly engaged audience, untapped market, new native ad formats across its applications through the use of Outbrain’s technology.
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