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About Magnite
Industries
Consumer Software
Company Size
501-1,000
Company Stage
IPO
Headquarters
Los Angeles, California
Founded
2007
Overview
Magnite is an independent sell-side advertising platform that helps publishers and media owners sell their advertising space through programmatic advertising, which automates ad transactions using technology. The company provides tools for sellers to optimize their ad inventory and offers buyers access to a wide range of ad inventory along with brand protection and fraud prevention. Unlike competitors, Magnite does not compete with its clients, ensuring a transparent relationship. Its goal is to maximize advertising revenue for clients while promoting open-source solutions in the industry.
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Simplify's Take
What believers are saying
- CTV ad spending in the U.S. is expected to reach $27.5 billion by 2025.
- Magnite's collaboration with WeAre8 enhances its brand reputation in sustainable advertising.
- The rise of privacy regulations increases demand for Magnite's first-party data solutions.
What critics are saying
- Increased competition from PubMatic and Digital Turbine pressures Magnite's market share.
- Magnite's expansion into India and Southeast Asia may face regulatory challenges.
- New executive appointments may lead to strategic shifts disrupting existing operations.
What makes Magnite unique
- Magnite is the largest independent sell-side advertising company, ensuring client trust.
- The company offers advanced brand protection and fraud prevention technologies.
- Magnite's merger with Rubicon Project and Telaria enhances its programmatic and CTV capabilities.
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Funding
Total Funding
$400M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Holidays
Unlimited Paid Time Off
Hybrid Work Options
Equity and Employee Stock Purchase Plan
Family Planning Benefits
Parental Leave
Disability Insurance
Life Insurance
Cell Phone Subsidy
Fitness and Wellness Reimbursement
Mental Health Support
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%WeAre8, the social media platform for good, has announced it's working with Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, to power its new mobile in-app ad product.
Western Union is looking to grow its new Media Network business by partnering with Magnite, an independent sell-side advertising company. The financial services company will use Magnite’s technology to buy media as an advertiser and to monetize its owned media, the companies said in a Wednesday (April 16) press release. “Magnite’s expansive technology and service offerings make them a versatile partner that can help address our desire to grow our business,” Western Union Senior Vice President Chris Hammer said in the release
Western Union has created a media network business and partnered with sell-side advertising company Magnite, which will provide the financial services company with the technology needed to buy media as an advertiser as well as monetize its owned media.
Magnite competes with companies like PubMatic, Inc. (PUBM) and Digital Turbine, Inc. (APPS) in the ad tech industry.
Magnite to participate in the Susquehanna Financial Group 14th Annual Technology Conference.
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About Magnite
Industries
Consumer Software
Company Size
501-1,000
Company Stage
IPO
Headquarters
Los Angeles, California
Founded
2007
Magnite is Hiring for 23 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Magnite