PALO ALTO, Calif., Sept. 26, 2017 /PRNewswire/ -- ADEXT, a Mexican
born, Silicon Valley based, artificial intelligence and machine
learning startup, raised $3 Million
USD at a $20 Million USD
valuation in December 2016. The firm
went from $100,000 USD starting
capital to a $20 Million USD
valuation in less than a year of operations.
This makes it one of the most significant seed rounds in history
for a Hispanic born artificial intelligence startup. In an indirect
comparison, the firm raised 6x more capital at a 4x higher
valuation than Facebook did, back when Facebook raised their
seed round in 2004.
In a more relevant comparison, ADEXT raised 6x more capital than
HubSpot did in their seed round back in 2006. "Our sole purpose and
responsibility is to help businesses grow and increase their sales
through Artificial Intelligence (AI) and Machine Learning
(ML)".
We have built the first and currently only fully automated
platform, using AI and ML to plan, deploy and buy paid ads
cross-platform in Search, Social and Display to increase the sales
of Small and Medium Businesses (SMBs) with very low budgets.
The funds will be used mostly in tech and marketing to expand
further into the 22 Spanish speaking countries we already have over
1,000 customers at and into 7 English speaking countries, with the
US being our main focus.
Our goal is to help 1 million SMBs increase their sales.
People fear the emergence of AI, but that's not the right
mentality to have.
AI is superior to humans in numerical, data-driven, business
intelligence, repetitive and mechanical tasks. Such as media
planning and media buying. Yet the human being is far superior to
AI in creative and strategic tasks. It's not a question of whether
AI will replace humans or not. It's a question of where humans
should focus and what do we do best." Says Daniel Molano, CEO of
ADEXT.
The round is composed of both US and Mexican investors. It was
led by Angel Romanos, Founder and
CEO of public company Credito Real.
"Out of all the companies I have had the opportunity to be part
of, ADEXT is where I trustfully see an enormous and sustainable
potential," said Angel Romanos.
ABOUT ADEXT Corp.
With over 1,000 customers in more than 29 countries, ADEXT
delivers superior advertising returns using Artificial Intelligence
(AI) and Machine Learning (ML) to Small and Medium Businesses
(SMBs). The first and currently only fully automated platform,
using AI and ML to plan, deploy and buy paid ads cross-platform in
Google, Facebook, Twitter, Instagram and thousands of websites to
increase the sales of SMBs with very low budgets.
Follow Adext in social media:
Facebook: Powered by ADEXT
LinkedIn:ADEXT
Twitter: @PoweredbyAdext
YouTube: Powered by Adext
For more information, please contact:
LOURDES PIQUE HUGUET
lourdes.pique@gpscom.com
Cel. (+52) 55 4188 0895
GPS Imagen y Comunicación
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SOURCE ADEXT