from the May 2016 issue

Outbrain CEO Yaron Galai reports that the company was profitable in the first quarter.

Israeli content recommendation company Outbrain has raised $45 million. Outbrain cofounder and CEO Yaron Galai revealed the closing of the latest financing round in a blog on the company's website but did not disclose details about investors in the fund raising other than to say that he was personally participating.

Galai wrote, "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 a $45 million. As with most of our previous rounds, I am personally investing in this round as well."

He outlined recent highlights, "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."

Reprinted from the Israel High-Tech & Investment Report May 2016

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