SOURCE: DashBid

October 11, 2016 09:00 ET

DashBid Debuts as the Second Fastest Growing Company in New York City

Company Attributes Prestigious Designation to Its Explosive Growth, Global Clientele and Experienced Team

NEW YORK, NY--(Marketwired - October 11, 2016) - DashBid, a video supply-side platform (SSP) designed and built specifically for video advertising, debuted as the second fastest growing company on the Crain's 2016 Fast 50 list. The announcement further validates the company's whopping growth and its amazing group of employees, board members and investors. Crain's New York Business highlights the city's 50 fastest-growing companies with its annual Fast 50 feature. The section recognizes the New York area's best and most innovative companies, their winning business strategies, and most important, astronomical revenue growth.

"It is an amazing testament to our hardworking and dedicated team to be recognized with this esteemed and prestigious designation," said Tom Herman, CEO of DashBid. "When we released the first version of our platform the marketplace for video advertising was in a nascent stage and we believed it was ready to take off. We were prepared to seize the opportunity with a product that focused on publishers' needs to increase video ad yield. Our success is built on our tireless focus and execution to get to where we are today."

DashBid's phenomenal growth is fueled by product innovations, its global clientele, and a publisher-first culture. Since its founding in 2012, DashBid has taken advantage of the growing programmatic video ad market and has successfully delivered innovative ad products to its publishers. DashBid serves over a half billion monthly video impressions globally across North and South America, Europe and Asia.

DashBid has also benefitted from an extremely active Board of Directors that have mentored the executive team and provided introductions to publishers and partners around the world. "Our core strength is our team," continued Mr. Herman. "We have a group of people -- from our employees to our board members and investors -- who believe in our mission and are motivated by the complex challenges of ad tech and video ad tech in particular."

In addition, Mr. Herman has played a key role in raising $3.3 million in venture financing from investors that include Centripetal Capital, SV Frontier and ABR Capital who have offered critical guidance, support and encouragement every step of the way.

As the company continues to grow, DashBid will have an even greater focus on OTT and data science. OTT television, provided through connected TVs and devices such as gaming centers, Apple TVs, and Roku boxes, is expected to grow from $8.4 billion last year to $31.5 billion by 2018, according to the Diffusion Group.

A full list of the winners can be viewed and a company profile of each can be seen in this week's Crain's New York Business and online at www.crainsnewyork.com/features/2016-fast50.

About DashBid
DashBid is a video supply-side platform (SSP) designed and built specifically for video advertising. DashBid's proprietary algorithms enable publishers to maximize revenue and optimize yield while providing advertisers with access to transparent and viewable inventory with detailed data to improve campaign performance. DashBid works with dozens of programmatic sales channels across desktop and mobile, serving nearly one billion video impressions each month. DashBid is headquartered in New York and operates globally. For more information, please visit: www.dashbid.com.

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