OpenX
Not specified on page, US Β· Founded 2007 Β· 522 employees on LinkedIn Β· 14 known investors
OpenX is a supply-side platform (SSP) for digital advertising that uses AI, data leadership, and proprietary identity technology to manage ad inventory and targeting. It serves publishers and advertisers by providing quality-focused programmatic advertising infrastructure across display, connected TV, and digital out-of-home formats.
Also known as Openads Β· OpenX Limited Β· OpenX Technologies, Inc.
Founders & leadership
Board
Investors Β· 14
Also in the syndicate Β· 5
Reported raises Β· per SEC filings
Form D private placements$9.5M disclosed across 1 of 6 rounds Β· 2007β2013
βΆ$9.5MraisedMar 2012 Β· 10 investors Β· Other TechnologyRule 506(b)
- DAMON REEVEDirector
- NINO MARAKOVICDirector
- ANDREW Scott BRACCIADirector
- TIM CADOGANExecutive Officer, Director
- JON MILLERDirector
- BERNARD DALLEDirector
- Offering amount
- $20.2M
- Amount sold
- $9.5M
- First sale
- Feb 2012
- Incorporated
- Corporation, United Kingdom, 2007
- Federal exemptions
- 06
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026OpenX Technologies, Inc. is an independent omnichannel supply-side platform (SSP) that supports programmatic advertising across connected TV, mobile apps, mobile web and desktop inventory. Beyond standard SSP functionality, the company provides supply-side curation, media quality controls and transparency tools for both publishers and media buyers. Its platform combines ad server data, a real-time bidding exchange and SSP functions on cloud-based infrastructure, and it markets itself as "The Intelligent SSP," emphasizing direct publisher partnerships, AI-driven fraud detection and a supply-side identity graph.
The current product line comprises OpenXSelect, a curation, supply-side targeting (SST) and deal-creation platform for brands, agencies and data partners; OpenXBuild, a suite of APIs including an Auction Insights API for historical bidstream events, an Identity Resolution API for audience targeting and activation, and a Real-Time Bidstream API that lets advertisers apply custom logic and models inside OpenX infrastructure before activating through a DSP; OpenXControl, a yield and monetization platform connecting publishers to demand; and OpenXExchange, a real-time marketplace for automated ad buying. TV by OpenX is a connected TV initiative under which the company said it removed resellers and non-TV content from its CTV inventory pool and offered direct publisher integrations across more than 110 million measurable CTV devices.
The company states that its security systems are audited under the SOC 2 framework with SOC 3 Type 2 reports available, and that its privacy infrastructure is assessed by an independent auditor. It also reports third-party verified sustainability disclosures, describing itself as the first adtech company to achieve CarbonNeutral certification and to fulfill key requirements of the Science-Based Targets initiative Net-Zero Standard.
Founding story
According to Wikipedia, OpenX started in 1998 as an open-source project distributing free digital and mobile advertising technology, and was commercialized in 2008 with Tim Cadogan hired as CEO and first U.S. employee; Wikipedia lists Tim Cadogan and Jason Fairchild as founders. The Los Angeles Business Journal described the company as founded in 2008 as an ad exchange for buyers and sellers of web ads to transact instantly. Earlier company materials refer to the business operating under the name Openads at the time of its 2007 Series A.
Business model
OpenX operates a two-sided programmatic marketplace, connecting publishers seeking monetization with advertisers, agencies and data partners buying inventory through curation, targeting and exchange products. Historically, as an open-source ad server business, its revenue drivers were service and technical support, and by 2009 it described four revenue streams: professional services for publishers, premium support packages, premium hosted ad-server packages, and the OpenX Market exchange.
Revenue derives from its programmatic marketplace and platform products for publishers and buyers. In 2009 the company identified four streams: professional services for publishers, premium support packages, premium hosted ad-server packages, and the OpenX Market exchange; earlier open-source activity was monetized through service and tech support.
Traction
At its 2009 Series C the company reported a community of more than 38,000 publishers powering more than 150,000 websites, more than 300 billion ad impressions served monthly, OpenX Hosted growth of more than 500% between December 2008 and April 2009 to a 7.5 billion monthly impression run rate with over 10,000 sign-ups in six months, more than 3,000 active users of OpenX 2.8 at a run rate above 10 billion monthly impressions, and an OpenX Market run rate above two billion monthly impressions, up more than 100% since its April 2009 launch. More recently, the company reports an identity graph covering over 237 million U.S. users and 150 million CTV devices, direct publisher integrations across more than 110 million measurable CTV devices, and a partner-attributed 70% reduction in cost-per-conversion using OpenXBuild versus unshaped SSP inventory. Wikipedia lists 200+ employees.
Latest developments
Wikipedia reports that in 2025 OpenX said its identity graph covered more than 237 million U.S. users and 150 million connected TV devices, supporting targeting across cookies, mobile advertising IDs, authenticated IDs, IP addresses and other identifiers; that in September 2025 it added an automated discounting feature to OpenXSelect applying discounts from participating curation and data partners; and that in August 2025 OpenX sued Google over alleged anti-competitive conduct in digital advertising. In February 2026 Matt Sattel was appointed CEO following the death of John Gentry in January 2026. Recent company announcements include OpenX IQ, a suite of AI and machine learning capabilities for customized media decisioning, and a partnership with Chalice AI on AI-powered curation for video. Company blog posts in 2026 cover containerized custom decisioning, privacy infrastructure and CTV supply intelligence.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Described by its own materials as one of the largest supply-side platforms globally, with an explicit strategy of not being the largest and instead prioritizing quality, direct partnerships and independence. Wikipedia characterizes it as an independent omnichannel SSP, and AdExchanger has framed its recent strategy as part of a broader industry shift toward sell-side curation. In its earlier ad-server era the company positioned itself as the world's leading independent ad server for web publishers.
OpenX differentiates on quality and independence rather than scale: transparency and direct publisher relationships instead of reseller supply, AI-driven fraud detection and quality curation filtering, and what it describes as the industry's largest supply-side identity graph. It highlights first-to-market claims including the first real-time bidding exchange, patented header bidding, the industry's first supply-side identity graph, the first 100% direct biddable CTV solution, the first Cookieless Deals Library, being the first independent programmatic platform to be fully cloud-native, and being the first adtech company to achieve CarbonNeutral certification and to meet key SBTi Net-Zero Standard requirements. It also emphasizes interoperability, letting buyers apply their own logic and models inside its exchange via OpenXBuild.
Technology
The platform runs on cloud-based infrastructure and combines ad server data, a real-time bidding exchange and supply-side platform functions; OpenX announced a five-year Google Cloud Platform agreement in January 2019 to move its exchange fully to the cloud. Core technical assets include a supply-side identity graph (originally announced as OpenAudience in May 2019) that the company said in 2025 covered more than 237 million U.S. users and 150 million CTV devices and resolved across cookies, mobile advertising IDs, authenticated IDs and IP addresses; proprietary AI and machine learning models used for quality curation filtering, fraud detection and media decisioning (marketed as OpenX IQ); and modular APIs under OpenXBuild for auction insights, identity resolution and real-time bidstream customization. OpenX states it introduced and patented header bidding technology.
Go-to-market
OpenX sells directly to publishers and to advertisers, agencies and data partners, emphasizing direct publisher integrations rather than reseller supply. Partner-facing references include Havas Media Network North America, Guardian News & Media and Attain. It also markets through educational content, including a blog and the "Simplifying AI" video series, and participates in industry bodies β its CTO Joel Meyer was named chairman of Prebid.
Publishers and media owners seeking yield and monetization, and advertisers, brands, agencies and data partners buying programmatic inventory across display, connected TV, native and digital out-of-home. Referenced partners include Havas Media Network North America, Guardian News & Media and Attain.
Geography
Headquartered in Pasadena, California, with additional offices in New York, Tokyo, London and KrakΓ³w. At the time of its 2009 Series C, OpenX Technologies was a wholly owned subsidiary of OpenX Limited based in Pasadena with offices in London and Poland, and its products were used in more than 100 countries and translated into 25 languages. The company describes itself as operating at scale across multiple regions and time zones.
History
Wikipedia records that OpenX began in 1998 as an open-source project offering free digital and mobile advertising technology, with revenue from service and support, and that the company commercialized the open-source ad server in 2008, appointing Tim Cadogan as CEO and first U.S. employee. Under the earlier Openads name it raised a $5 million Series A closing in May 2007 and a $15.5 million Series B closing in December 2007, followed by a $10 million Series C in May 2009 and a $20 million Series D in May 2011. In February 2013 the company abruptly suspended, and then permanently shut down, its free OnRamp self-serve ad server after a security breach. In September 2017 it acquired publisher tools Mezzobit and PubNation. AdExchanger reported 210 layoffs between October 2018 and March 2019, nearly half the workforce at the time, following a decline in DV360 demand on its exchange, and a further reduction affecting 15% of staff in April 2020. In January 2019 OpenX announced a five-year Google Cloud Platform agreement to move its exchange fully to the cloud, and in May 2019 it launched OpenAudience, later described as a supply-side identity graph. Tim Cadogan left in January 2020 to become CEO of GoFundMe and President John Gentry succeeded him; following Gentry's death in January 2026, Matt Sattel was appointed CEO in February 2026, with Cadogan as chairman. The company's own timeline also cites patenting header bidding, launching the first real-time bidding exchange, becoming the first independent programmatic platform to be 100% cloud-native, a Cookieless Deals Library, native and DOOH formats, and the launches of OpenXSelect and OpenXBuild.
Risks & controversies
In February 2013 OpenX suspended and then permanently shut down its free OnRamp self-serve ad server after escalating hacker activity culminating in a serious attack on February 9, 2013; AdExchanger reported customers were left unable to extract data, creative or campaign details and received no standard 30- or 60-day notice, and that the product had previously been criticized for malware spread via an "append" attack through the OpenX Market plugin. AdExchanger also reported 210 layoffs between October 2018 and March 2019 β nearly half the workforce β after a decline in DV360 demand, and layoffs, furloughs or reduced hours affecting 15% of employees in April 2020. In December 2021 the FTC announced OpenX would pay a $2 million fine to settle allegations that it violated federal children's privacy law; the fine was reduced from $7.5 million due to the company's inability to pay. In antitrust proceedings, Google's Project Poirot has been described as shifting ad transactions toward Google's AdX and away from rival header-bidding exchanges including OpenX, and OpenX filed suit against Google in August 2025.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 4
by search overlapCompanies competing with OpenX for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 20
launches, deals, and filingsOpenX introduced the OpenXSelect Data Marketplace, described as offering greater control for supply-side targeting.
OpenX announced the appointment of Matt Sattel as CEO following the death of John Gentry the previous month; Tim Cadogan is listed as chairman.
OpenX was named a finalist in the AdExchanger Awards, including in a Most Innovative Technology Platform category.
OpenX CTO Joel Meyer was named chairman of Prebid, discussing the organization's next phase for the agentic ad tech era.
OpenX announced a collaboration with Chalice AI to apply AI-powered curation to high-quality video inventory.
OpenX launched OpenX IQ, a suite of AI and machine learning capabilities to power customized media decisioning.
OpenX announced an automated discounting feature for OpenXSelect that applies discounts from participating curation and data partners directly within the platform.
OpenX filed a lawsuit against Google alleging a range of anti-competitive behaviors in the digital advertising market.
OpenX announced TV by OpenX, saying it would remove resellers and non-TV content from its CTV inventory pool and provide direct publisher integrations across more than 110 million measurable CTV devices.
The FTC announced OpenX would pay a $2 million fine to settle allegations it violated federal children's privacy law; the fine was reduced from $7.5 million due to the company's inability to pay.
$2M source β
OpenX said it had laid off, furloughed or cut hours for 15% of employees in response to reduced marketer spend; most were layoffs and furloughs.
OpenX announced that CEO and co-founder Tim Cadogan was leaving to become CEO of GoFundMe, with President John Gentry taking the CEO role.
OpenX announced OpenAudience, a people-based marketing product for the open web, later described as a supply-side identity graph for audience activation and targeting.
OpenX announced a five-year agreement to move its exchange infrastructure fully to Google Cloud Platform, with completion expected by Q2 2019.
OpenX acquired two publisher tools, Mezzobit and PubNation, to expand its publisher offering.
Following a serious attack on February 9, 2013, OpenX suspended its free OnRamp self-serve ad server, stating it could not predict when or whether the service would return; a February 12 post confirmed a permanent shutdown. Other services, including OpenX Enterprise and OpenX Market, continued to operate.
$22M source β
SAP Ventures led a $20 million fourth round with participation from AOL's venture arm, Mitsui & Co, Presidio Ventures (Sumitomo), Accel Partners, DAG Ventures and Index Ventures; proceeds were earmarked for growth in Japan and China, Enterprise adoption, and potential acquisitions. SAP Ventures took a board seat.
$20M source β
DAG Ventures led a $10 million Series C, with participation from Accel Partners, Index Ventures, Mangrove Capital, First Round Capital and board chairman Jonathan Miller, bringing total investment to more than $30.8 million.
$10M source β
OpenX launched OpenX Market, a real-time auction marketplace for buyers and sellers of online advertising.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- OpenXopenx.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does OpenX do?
- OpenX is an independent omnichannel supply-side platform for programmatic advertising across CTV, mobile and desktop inventory.
- Who are OpenX's investors?
- OpenX's investors include Chartline Capital Partners, Dag Ventures, Index Ventures, Mitsui Global Investment, Presidio Ventures, Sapphire Ventures, Second Alpha Partners, Vast Ventures and 1 more.
- How much funding has OpenX raised?
- OpenX has disclosed $9.5M raised across 1 of its 6 known rounds.
- Where is OpenX headquartered?
- OpenX is headquartered in Not specified on page, US.


