TMCNet: GumGum is Recognized For Strong Corporate Leadership, High-Growth, and Proprietary Image Recognition Technology

[April 25, 2016]

GumGum is Recognized For Strong Corporate Leadership, High-Growth, and Proprietary Image Recognition Technology

GumGum, the image recognition partner of choice for brands and publishers, today announced multiple honors for achievements in its proprietary image recognition technology and corporate leadership. As a winner and finalist for several awards to date in 2016, GumGum's momentum in image recognition and corporate leadership is undeniable. As the business continuously surpasses 100 percent year-over-year revenue growth and expands globally, these honors are well-received as validation of the hard work required to scale the business and exceed client expectations.

"Since our investment into GumGum, we have witnessed significant growth driven by industry trends such as native advertising and content marketing as well as growth in the overall demand for brand authenticity, contextual relevancy and underlying analytics," said Robert Bassman, Executive Director at Morgan Stanley Expansion Capital. "It is not surprising to see GumGum being recognized for its market leadership, exemplary execution and management team. Ophir serves as an industry visionary and thought leader in the development and application of image recognition technology. We are excited by the diverse software and advertising applications GumGum's core computer visioning capabilities directly address."

GumGum's recent award recognitions include:

  • Los Angeles Venture Association (LAVA): Winner of Best Venture Funding in Software & Internet Award The Los Angeles Venture Association (LAVA) will host its 12th Annual Venture Awards Dinner to recognize Southern California's best venture-backed companies, and to celebrate the induction of a special guest into the LAVA Hall of Fame. The awards dinner will be attended by over 300 leaders in the venture capital community, including CEOs and founders of successful emerging companies.
  • Ernst & Young: 2016 Semi-Finalist for Entrepreneur Of The Year Award EY Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. Business leaders were selected as semifinalists by a panel of independent judges. Finalists will be announced Monday, May 9 and winners will be announced at a black tie Awards Gala on Tuesday, June 21, with over 700 Founders, CEOs and other business leaders in ttendance, at the Beverly Hilton hotel in Beverly Hills, California.
  • Timmy Awards by Tech in Motion: 2016 Finalist for LA's Best Tech Startup Award The Timmy Awards are an annual awards series hosted by Tech in Motion, a national events organization for tech enthusiasts created by Jobspring Partners & Workbridge Associates. The Timmy Awards recognize companies and individuals that strive to create the best places for technology professionals to work across 11 communities. The Timmys are presented in three categories: Best Technology Work Culture, Best Technology Manager and Best Tech Startup.

"We are honored that our hard work is being recognized by respected programs within Los Angeles and across the country. Not only do we strive to be an active organization in the local community, but we are deeply committed to continuing to build our company while supporting our clients and business partners," said Ophir Tanz, CEO, GumGum. "GumGum is now over 145 team members strong, and I work daily with these highly motivated and intelligent individuals who are devoted to our mission and the future of this company."

About GumGum
GumGum is the image recognition partner of choice for brands and publishers seeking to tap into images to connect with consumers and increase revenue through the highly viewable and engaging content format. The computer vision company, which is backed by patented image recognition technology, understands each image - from editorial to UGC - and thoughtfully present brand messages within premium content at the right time, to the right user resulting in unprecedented performance. Founded in 2007, GumGum invented the in-image advertising category and continuously prioritizes high-quality inventory, brand safety, and user experience. Working with leading brands across CPG, beauty, automotive, entertainment, fashion, retail and more, GumGum's scalable platform drives understanding and value from every image online.

Reaching over 400 million visitors across more than 2,000 premium publishers, GumGum consistently achieves an 81% viewability rate and deliver 10 times better engagement than traditional display options. GumGum is headquartered in Santa Monica, California, with seven additional offices in the US, in the UK and Australia. Pioneers in best-in-class image science, GumGum is backed by leading investors including Morgan Stanley Expansion Capital, NEA, Upfront Ventures, First Round Capital and Crosscut Ventures. Learn more at: http://gumgum.com/

About Los Angeles Venture Association:
Founded in 1985, the Los Angeles Venture Association (LAVA) is the most successful and longest running organization of its kind in Southern California dedicated to the development and growth of entrepreneurial ventures. Through its educational programs, strategic interest groups and annual conferences, LAVA provides a forum where entrepreneurs meet and learn from fellow executives, investors, bankers, financial advisors and other professional advisors.

About Ernst & Young:
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

About Tech in Motion:
Tech in Motion is an international events series that brings local tech community professionals together to connect, learn, and innovate. What started as a collaborative project between IT recruiting firms Jobspring Partners and Workbridge Associates in 2011, grew into an organization of over 60,000 members across 11 chapters in North America including Boston, Dallas, New York, Philadelphia, DC, Chicago, San Francisco, Silicon Valley, LA, Orange (News - Alert) County and Toronto.


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