Adext, a Mexican born, Palo Alto, California-based artificial intelligence and machine learning adtech startup, raised $3M in funding.
The round, which valued the company at $20M, was led by Angel Romanos, Founder and CEO of public company Credito Real (BMV: CREAL).
The company intends to use the funds to expand its tech and marketing efforts to further expand into 22 Spanish speaking countries where it already has over 20,000 users and into 7 English speaking countries, with the US being its main focus.
Led by Daniel Molano, CEO, Adext provides an automated platform, using AI and ML to plan, deploy and buy paid ads cross-platform in Google, Facebook, Twitter, Instagram and thousands of websites to increase the sales of SMBs with low budgets.
The company’s goal is to reach 1 million SMB customers increase their sales.