Redwood City, CA—April 16, 2010—YuMe, the leading video advertising technology company, today announced it will be moving its corporate headquarters to Foresters Hall, a newly-renovated historical landmark in downtown Redwood City, California. The new office will give the rapidly growing company more room to expand, and let employees take advantage of Redwood City’s excellent access to public transportation and the shops and restaurants in its vibrant downtown.
“Our move to Redwood City will help support YuMe’s aggressive expansion,” said YuMe CEO Michael Mathieu. “Having a beautiful new headquarters just a few blocks from Caltrain will allow us to continue to attract and retain top talent from across the Bay Area. This move culminates a strong first quarter for YuMe, during which we have achieved profitability, closed a new round of funding, and made key additions to our executive team.”
“It’s a pleasure to welcome YuMe and its employees to our Downtown,” noted Redwood City Mayor Jeff Ira. “They represent a new influx of businesses deciding to locate here, and be part of the renaissance of our Downtown. It’s clear that the best and the brightest – like YuMe – recognize that Redwood City is the right place to put down roots and find opportunity.”
Located at 1204 Middlefield Road, the building, originally named “American Foresters Hall,” was built in 1913 to serve as the headquarters of the Redwood City chapter of the Foresters of America. From the beginning, Foresters Hall served as a civic center and gathering place for the entire community. The second floor, designed as a meeting place for the many fraternal organizations and secret societies popular at the turn of the century, featured heavy doors with peepholes for observing anyone seeking entrance to the main meeting room. Starting in March, that room will be the new home for YuMe employees’ fierce table tennis battles.
During World War I, Foresters Hall functioned as a meeting place and uplifting environment for soldiers back from the front. Throughout the Great Depression, the location served meals to those in need. From the 1940s to the 1960s, Foresters Hall hosted concerts and performances, becoming one of the most popular locations in the Redwood City area for live music.
YuMe is a video advertising technology company that is making professional video profitable for publishers and impactful for advertisers. With 500+ publishers, more than 1 billion video streams and 70 million unique viewers per month, YuMe gives publishers and advertisers unprecedented reach, brand safety, contextual relevance, controlled syndication, and consistent delivery across all digital media platforms—Web, downloads, mobile, and IPTV.YuMe is a privately held company headquartered in Redwood City, CA and backed by Accel Partners, BV Capital, DAG Ventures, Khosla Ventures and Menlo Ventures. For more information, visit www.yume.com, follow @yumevideo on twitter (www.twitter.com/yumevideo), or become a fan of YuMe on Facebook at www.facebook.com/yumevideo.