Rocket Fuel Raises $6.6 Million In Series C With A $160 Million Valuation

Posted Apr 7, 2011

Rocket Fuel is a display ad optimization company that has raised $6.6 million in Series C funding. They will be given a $160 million valuation as a result. Northgate Capital led the funding. Other investors include Mohr Davidow Ventures, Labrador Capital Fund, Nokia Growth Partners, and Wilson Sonsini Goodrich & Rosati. Rocket Fuel processes approximately 1.5 billion display ads every day. The company has an annual run-rate of $50 million which is up from a $30 million run-rate four months ago. [TechCrunch]