REDWOOD CITY, Calif. – May 14, 2010 – YuMe, the leading video advertising technology company, today announced that it has been chosen as a winner of the TiE50 Award. TiE50 Winners represent the most enterprising companies worldwide in five sectors that are driving today's economy: Internet, Software, Wireless, Cleantech, and BioSciences. TiE50 is presented by TiE, the organizer of TiEcon 2010–the world's largest conference for entrepreneurs. Selected from among nearly 4,000 nominees, and after almost 100,000 votes, YuMe was chosen as a winner in the Internet sector.
“We founded YuMe to create technology that makes it easy for publishers to make money from their content and for advertisers to reach audiences in a compelling way” said Jayant Kadambi, co-founder and president of YuMe. “Our ACE technology platform has been adopted by some of the biggest media companies in the world, and YuMe is profitable and growing rapidly. We are pleased to have been selected from such a large and diverse pool of qualified startups to be honored as a TiE50 winner.”
“TiE50 attracted the best of the breed start-ups this year with extraordinary sets of ideas, innovation, and business opportunities from several technology hot beds worldwide – Americas, Europe, Japan, Israel, Singapore, India, China and others ” said Ram K. Reddy, Chair TiE50 2010. “Judging was done by a team of highly accomplished and competent CEOs, serial entrepreneurs, globally recognized venture capitalists, and industry experts with several years of segment-specific experience.’
YuMe and the other TiE50 Winners will be honored at TiEcon 2010 on May 15th, 2010, at the Santa Clara Convention Center in Santa Clara, CA. TiEcon is the world's largest conference for entrepreneurs featuring two action–packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders.
TiE is a global, not–for–profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its global network sponsored by top venture capital, legal and accounting firms and Fortune 500 corporations. TiE is spread across 55 chapters in 13 countries comprising 1,800 experienced entrepreneurs and business executives as charter members and 12,000 aspiring entrepreneurs and professionals as members. Some of last year’s TiE50 winners have raised over $2 billion in funding since being recognized at TiECon 2009.
“We built upon the huge success of last year’s inaugural TiE50 awards. TiEcon’s platform and TiE’s global entrepreneurial network enabled us to draw the most entrepreneurial startups with breakthrough technologies, savvy market strategies, and incredible teams with palpable passion,” said Mateen Syed, Co Chair TiE50 2010.
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.