OpenWeb Supercharges Community Economy with $100 Million Acquisition of Jeeng
NEW YORK, Jan. 26, 2023 /PRNewswire/ -- OpenWeb, the community engagement platform serving over 1,000 leading publishers, today announced it has acquired the proprietary audience management platform Jeeng. The acquisition strengthens OpenWeb's ability to create one-to-one relationships with millions of users. It is the latest milestone in the company's rapid expansion of tools designed to connect brands, advertisers, and publishers to audiences whenever and wherever they're online.
- Using AI technology, Jeeng leverages first-party data to deliver highly effective content tailored to users' interests across email, push, and other channels.
- The acquisition of Jeeng's proprietary solutions will allow OpenWeb to expand its base of over 100 million active users and 1,000-plus publishers.
- "OpenWeb and Jeeng are the perfect fit as we share the same vision," said Jeff Kupietzky, CEO of Jeeng.
- Most recently, OpenWeb raised $170 million in Series F funding, bringing its total valuation to $1.5 billion.