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Samba TV Secures Up to $60 Million Growth Capital Facility from Horizon Technology Finance
Globenewswire· 2025-12-08 15:00
Core Insights - Samba TV has secured $30 million in initial financing from Horizon Technology Finance Corporation, with an additional potential $30 million for future growth [1][3] - The capital will be utilized to enhance AI transformation in media and advertising, expand global operations, and support strategic partnerships with major platforms like TikTok and Snap [2][3] - Samba TV aims to leverage its proprietary data and advanced AI platform to optimize advertising across various screens, positioning itself as a leader in the evolving media landscape [3][4] Company Overview - Samba TV is recognized as a global leader in AI-driven media intelligence, utilizing first-party data from millions of connected televisions and billions of web signals across over 50 countries [4] - The company provides a unified view of the consumer journey, enabling advertisers to effectively engage audiences across multiple platforms [4] Financing Details - The financing arrangement includes a venture debt facility with an initial close of $30 million and an uncommitted accordion of up to $30 million for future growth objectives [3] - Horizon Technology Finance Corporation specializes in providing capital to technology and life science companies, aiming to maximize returns through secured loans and capital appreciation [5]
Stagwell's (NASDAQ: STGW) PRophet Expands Global Partnership with Hootsuite to Power the Future of Social and Media Intelligence through AI
Prnewswire· 2025-06-17 07:00
Core Insights - PRophet and Hootsuite have expanded their global partnership to enhance social media listening and media intelligence solutions, marking a significant milestone in their collaboration [1][3] - The integration will allow PRophet to incorporate Hootsuite's social listening capabilities into its MIND media intelligence platform, providing clients with a seamless experience across earned and social platforms [2][4] Partnership Details - The partnership includes a global go-to-market agreement to promote and deliver each other's solutions to clients, simplifying procurement and standardizing technology across the Stagwell network [1][3] - Hootsuite will advocate for PRophet as its preferred earned media solution, while PRophet will introduce Hootsuite to its customer base [4] Technology Integration - The integration aims to combine PRophet's AI-driven technology with Hootsuite's social listening capabilities, enhancing insights and data-driven storytelling for communicators [3][4] - The collaboration is expected to benefit hundreds of clients across various industries, including consumer goods, healthcare, financial services, and technology [4] Company Background - PRophet is recognized as a leading provider of media intelligence and social listening tools, with a focus on empowering communications professionals [6][8] - The company has received multiple awards, including PRovoke Media's Innovation SABRE and a Webby Award, highlighting its innovative approach in the industry [8]