Ad tech startup Precise.ai has secured $7 million in seed funding to develop a platform that provides transparency into the automated decision-making processes behind programmatic advertising campaigns.
Key Points
- Precise.ai raised $7 million in a seed round co-led by Blockchange Ventures and Lasagna.
- The platform uses "decisioning economics" to analyze the cost and performance contribution of individual inputs in programmatic ad buys.
- The company was formed through the 2024 merger of privacy firm Qonsent and blockchain infrastructure developer Valence Labs.
- Precise.ai is currently conducting six pilot programs, including one with a major advertising holding company.
- The startup aims to provide an independent intelligence layer to track how automated agents make bidding and targeting decisions.