Tremor Media has raised $40 million in a fourth round of funding—becoming the latest online video ad network to raise a double-digit million round this year. The funding comes as the company, which was profitable for the first time in 2009, has been growing very rapidly; CEO Jason Glickman tells us that the ad network doubled in size over the last year and now reaches nearly 178 million unique internet users each month across more than 1,500 sites. In February, comScore said Tremor Media was now the top online video ad network in the U.S. by potential reach.
More →
