Outbrain Raises $200M in Funding

Outbrain, a NYC-based recommendation platform for the open web, secured $200m in funding.

Boston, MA-based The Baupost Group made the investment.

Led by Co-CEOs David Kostman and Yaron Galai, Outbrain is a recommendation platform for the open web. The technology enables online consumers to discover new things through recommendation feeds on their favorite media and connects advertisers to these audiences to grow their business. The company partners with publishers and marketers in more than 55 countries worldwide. It is headquartered in New York City, with offices in 18 cities worldwide.

On June 29, 2021, Outbrain publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its common stock. The company applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol “OB.”