I don’t know yet if this is a sign of an advertising network getting stronger, or just running out of money, and trying to add more water to a leaking bucket, but TechCrunch has posted an article letting the world know that AdBrite has taken in another $23 million USD in funding.

From TechCrunch:

Ad networks are still catching money like rain. AdBrite raised $23 million from existing investors Sequoia Capital and Hedge fund Artis Management, reports Dan Primack. This is on top of $12 million, the company has already raised. In October, comScore ranked AdBrite as the 26th largest ad network after MySpace.

Have you used AdBrite and enjoyed its service? I have looked at it numerous times, but never really committed to their offerings. Have your say in the comments.

Originally posted on November 29, 2007 @ 6:03 pm