NumberEight's $2.7 Million Pre-Series A Funding Was A Big Win for COREangels EnterpriseTech and COREangels Big Data & AI Europe

London-based startup NumberEight secures $2.7 million in Pre-Series A funding for its privacy-first advertising solutions. COREangels EnterpriseTech and COREangels Big Data & AI Europe join as strategic backers.

author

Ela Zohrevandi

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Exciting news from our global portfolio! London-based startup NumberEight has secured a significant $2.7 million in Pre-Series A funding, and it's not just any funding round. This milestone is not only a big win for NumberEight but also holds immense value for COREangels EnterpriseTech and COREangels Big Data & AI Europe.

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The Privacy-First Identity Solutions

NumberEight specializes in providing "privacy-first" identity solutions for the advertising industry. In an era where privacy regulations and concerns are paramount, NumberEight's innovative approach has caught the attention of investors and industry experts alike. The advertising industry, valued at a staggering $615 billion, is grappling with the challenges posed by stringent privacy regulations and the use of personally identifiable information (PII) for targeted advertising.

So, what sets NumberEight apart? They've developed behavioral intelligence on-device AI technology that enables advertisers to reach their target audiences without relying on traditional cookies or IDs. This groundbreaking approach not only ensures user privacy but also delivers precisely tailored ads in a privacy-first manner, meeting the evolving demands of the advertising industry.

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The Future Looks Bright

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NumberEight has experienced significant growth and market traction, and with this new investment, they're poised for even greater success. The funds raised will be instrumental in accelerating commercial growth, strengthening product development, and expanding their operations into the United States. Their strategic partnerships with industry players like Southern Cross Austereo (SCA), Adverty, and AdInMo further validate their innovative solutions.

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The Founding Team

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NumberEight's co-founders, Abhishek Sen and Chris Watts, bring a wealth of experience and multiple patents to the table. Abhishek Sen, a former engineer at Apple, Palm, and Blackberry, understands the intricacies of tech innovation. Chris Watts, a former IBM researcher, adds a deep research perspective to the team. Together, they are driving the company towards pioneering privacy-focused solutions in AdTech.

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COREangels EnterpriseTech and COREangels Big Data & AI Europe

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What makes this funding round even more special is the involvement of two new stars in COREangels. COREangels EnterpriseTech and COREangels Big Data & AI Europe have recognized the potential of NumberEight's approach in addressing the challenges facing advertisers and consumers in privacy regulations and data constraints in AdTech.

NumberEight's successful funding round represents a significant step in the journey towards privacy-focused solutions in the advertising industry and the innovative spirit of startups and the vision of investors who believe in their potential. COREangels EnterpriseTech and COREangels Big Data & AI Europe are proud to be a part of this journey and look forward to witnessing NumberEight's continued growth and success.

Stay tuned for more exciting updates from our portfolio startups as we continue to support and invest in innovative companies that are shaping the future of technology and privacy in the digital age.

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Source: FoundersToday

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about the author

Ela Zohrevandi

Ela is the global community manager at COREangels. With a background in sales, marketing, engineering, communications, and creative writing, Ela fosters collaboration, curate engaging content, and facilitate valuable connections among entrepreneurs, angel investors and fund leaders at COREangels.