Openads Gets $5M in Funding

Opensource ad server company Openads has secured $5 million in venture
capital funding, reports TechCrunch.

The firm operates an open source ad delivery server whose software is
free to use under a GPL license. The company earns revenue by selling
services that build on the core product.

Openads services 25,000 publishers, with ads running on 100,000
different sites. These includes FM Publishing's sites and about 30
additional ad networks which use Openads as a foundation.