Scibids, a Paris, France-based AI-based programmatic bid management solution that automates digital advertising campaign management, raised €2.2m in Series A financing.
Iris Capital made the investment.
The company intends to use the funds to double the team’s size, open new offices in each continent and consolidate its position in the global markets.
Co-founded by Julien Hirth and Rémi Lemonnier, Scibids built an AI for media buyers to automate and scale digital advertising investments and campaigns. In less than 18 months, the company already signed contracts with over 40 clients, ranging from global agencies to pure players, in 11 different countries including USA, Australia, New Zealand, Japan, China, Taiwan, Singapore, UK, France, Germany and Spain.