ADmantX Closes €1M in Second Funding Round

According to multiple reports, ADmantX, a contextual analysis and semantic data provider, closed a €1m second round of funding.

The funds were provided by from Atlante Ventures Mezzogiorno, which already participated in the company’s €2m ($2.8m) first round in 2011 (read here).

ADmantX intends to use the capital to continue to expand internationally, by growing in Italy, in the US and in the Uk where it is already present, as well as open (soon) in France and Germany.

Created as a spin-off from Expert System in 2010 and today led by CEO Giovanni Strocchi, the company offers a semantic, cookie-less solution to allow publishers, ad networks and exchanges, brand managers and agencies to develop more effective online advertising campaigns. Customers include AT&T and CNBC in USA, and Banzai in Italy.



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