News Brief

VCs Open Wallets For OpenX, Add $22.5 Million In New Funding

OpenX Software Ltd. this morning announced a $22.5 million round of funding, bringing its total venture funding to date to more than $70 million. The company said it would use the funds to accelerate its growth via "additional acquisitions" and international expansion.

New investor Samsung Venture Investment Corporation led the round. Existing investors Accel Partners, Index Ventures, SAP Ventures, Mitsui & Co. Global Investment, Inc., and Presidio Ventures also participated in the round.

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