We are very excited to announce that we have closed a $25 million round of funding today led by Menlo Ventures and including our existing investors - Accel Partners, BV Capital, DAG Ventures and Khosla Ventures.  Joining our Board of Directors from Menlo Ventures is Shawn Carolan, who also sits on the board of Roku and has invested in IMVU, PlaySpan, PlayPhone and Siri.  You can read all about our announcement in an article that appeared in today’s New York Times written by Brad Stone.

We had a great 2009, achieving significant revenue growth, reaching profitability and experiencing accelerated adoption of our video ad management platform “ACE.”  Our ACE platform is unique in its ability to deliver qualified audiences at scale without wasting impressions, making publisher content more valuable and maximizing ad campaign performance for advertisers.

“Video is the largest advertising category on the planet and the shift from broadcast to Internet went into high gear in 2009,” said Shawn Carolan, Managing Director for Menlo Ventures.  “As we evaluated all the video ad solutions on the market, we became convinced that YuMe has built the best technology in the industry in its ACE ad management platform, with its ability to optimize video advertising across all viewing environments, including IPTV, mobile and Web.  The company already has demonstrated it is the market leader going into 2010 and this funding will help facilitate new technology offerings and additional expansion.”

- Molly Glover Gallatin