Monday, May 19, 2008

Jellycloud Floats In $11.5M

Redwood City-based JellyCloud, which operates an advertising network that uses behavioral targeting and web analytics to target Internet ads, said Monday that it has raised $11.5M in a venture round. The funding came from U.S. Venture Partners, SoftBank, Sand Hill Capital, and Crosslink Capital. The funding will go towards growing the firm's ad network and for international expansion. More information »