PubMatic Pulls In $7M

Palo Alto-based PubMatic has pulled in $7M in venture funding, the firm said Tuesday. The round came from Nexus India Capital, Draper Fisher Jurvetson and Helion Ventures. PubMatic develops ad optimization software for web publishers. The company said the funding would go towards expansion of its beta program, and to accelerate product development. PubMatic also has operations in Pune and Mumbai, India. More information »