TrafficGuard Raises $6.5 Million From Its Existing Shareholders

Updated on: 23 June 2023 9:15 pm

According to the MoU, Paytm Incubation Centre will provide its product to early-stage start-ups at a discounted price and offer free credits through the Paytm Startup toolkit to aid the business ventures of youths in their early stage of growth

Paytm Inks MoU With Arunachal Pradesh For Creating Start-Up Ecosystem Photo: According to the MoU, Paytm Incubation Centre will provide its product to early-stage start-ups at a discounted price and offer free credits through the Paytm Startup toolkit to aid the business ventures of youths in their early stage of growth

TrafficGuard, an omnichannel ad verification platform, has raised $9 million in funding. It bagged nearly $6.5 million from its existing long-term shareholder through an upsized two-tranche share placement. It has issued a total of 1,35,416,666 shares to investors in its two tranches.

TrafficGuard is planning to utilise the latest funding processes to streamline the company's pipeline of enterprise customers, vital enhancements to its products, development of new product features and capabilities; and sales and marketing initiatives to further grow its customer base

In addition to the latest development, TrafficGuard has onboarded India Gifting Portal(IGP) and RupeeRedee

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Highlighting the importance of the fresh capital, Mathew Ratty, CEO and Co-Founder, of TrafficGuard said, "In the modern era where brands are busy embracing digital transformation, the rise of new-age bots, SDK spoofing and click spamming has fueled the growth of advertising fraud. Today, ad fraud is costing advertisers a staggering $127 billion per year. To combat these issues, modern-day advertisers desperately need innovative, tech-enabled solutions to measure and verify traffic. This is where TrafficGuard has carved its niche as one of the most preferred partners to several well-known, multi-billion dollar global enterprises in their bid to curb faux engagement, reduce ad spend and unlock the best advertising results.”

"We, at TrafficGuard, have grown exponentially on the back of our customer-centric approach and meticulous efforts to raise awareness among marketers pertaining to ad fraud and best practices to negate it. And, the latest funding is a testament to the hard work of our dedicated team of engineers and data scientists in creating award-winning products. Aligned with our long-term vision of aiding global brands, the funding will not only contribute to our enterprise-level strategy but also play a pivotal role in monetising our self-serve product consisting of youtube, search, display, discovery, etc. With over 4,500 sign ups on our freemium version, we look forward to rolling out our new reporting suite to the mass markets," he added.