Adext Raises $3M Seed Funding Round At $20M Valuation

Adext, a Mexican born, Palo Alto, CA-based artificial intelligence and machine learning startup, raised $3M in seed funding at a $20M USD valuation in December 2016.

The round was led by Angel Romanos, Founder and CEO of public company Credito Real.

The company intends to use the funds to invest in tech and marketing to expand further into the 22 Spanish speaking countries.

Led by Daniel Molano, CEO, Adext uses Artificial Intelligence (AI) and Machine Learning (ML) to provide a fully automated platform to plan, deploy and buy paid search, social and display ads in Google, Facebook, Twitter, Instagram and thousands of websites to increase the sales of SMBs.
The company, which has over 1,000 customers in more than 29 countries, aims to help 1 million SMBs increase their sales.



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