The Rubicon Project is a Los Angeles based Internet advertising technology company. The company announced that they raised $6 million in funding for its operations.
The Rubicon Project is named after a river in Italy and it is also related to an idiom that means a point of no return. The investors include Clearstone Venture Partners ($4 million) and Square1 Bank ($2 million).
“It takes a great team to build a great company. We have an outstanding execution team with solid fundamentals and high aspirations. Clearstone’s philosophies, as an investment partner, makes for an ideal match,” stated Frank Addante, the CEO and founder of The Rubicon Project. “Clearstone’s past successes with Overture on the advertising side and PayPal for automated billing systems translate perfectly with the markets that the Rubicon Project is aggressively pursuing.”
The Rubicon Project will launch in private beta on October 8, 2007.
