TubeMogul Hits $100 Million Milestone, Eyeing IPO Next?
Video ad technology provider TubeMogul is eyeing a 2014 IPO, according to Bloomberg, which cited unnamed sources.
Bloomberg reported the rumor the same day TubeMogul announced it has reached a milestone -- a $100 million milestone, to be exact. Brands and advertisers have now spent over $100 million on the company's platform this year.
In other words, TubeMogul has had revenue of $100 million so far in 2013. In relation to the IPO rumor, the $100 million figure does not directly correlate to a valuation, RTM Daily has been told. In any case, the company could be pushing for a hefty IPO if the rumblings Bloomberg has reported are true.
Of note is that one-third of the money flowing through TubeMogul's platform comes from outside of the U.S., further proving the adoption of ad technology outside of the U.S. See the full story here.