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Nexad has raised $6 million in seed funding to provide advertising solutions for AI applications. The round was led by A16z Speedrun and Prosus Ventures, among other investors.
Amount Raised
$6 Million
Round Type
seed
Investors
Description
Nexad, an adtech startup, secured $6 million in seed funding to enhance its advertising solutions for AI apps. The funding round was led by A16z Speedrun and Prosus Ventures, with participation from Point72 Ventures and Sequoia Capital's Scout Fund. CEO Jason Hu expresses confidence in a decentralized future for AI applications. With the backing, Nexad aims to become a prominent player in AI advertising.