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Peer39 Raises $8.2 Million Second Round For Natural Language Ad Exchange

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Peer39, a NYC-based ad exchange, has raised an $8.2 million second round from Canaan Partners, with participation from JPMorgan, according to VentureBeat. It has now raised $11.2 million, including $3 million earlier this year. The company is trying to apply natural language/semantic web technology to advertising, in hopes of delivering more relevant ads and better ROI. There’s little available info on the company, which is still in stealth mode.

Nov 1, 2007 10:45 AM ET

Posted In: Advertising, canaan partners, jp morgan, peer39

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