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Adway Secures $6M in Seed Funding to Help Build Out Patented Street-level Media Platform

·3 min read

Includes real-time reporting, enabling intuitive ad campaign creation and management, while tracking devices' physical locations

SANTA MONICA, Calif., July 21, 2021 /PRNewswire/ -- Adway, a digital advertising network providing brands with a new way to engage and attract consumers by reimagining street-level media, announced today that it raised $6 million in seed funding, led by investment firm Upfront Ventures and others including Revel Ventures, Watertower Ventures, Inflection Capital, and more.

Adway Logo
Adway Logo

The funding will be used to support the commercialization of Adway's patented advanced optical system, featuring small, smart projectors that display both static and video content on the sides of vehicles, as well as geofencing and other real-time data collection and analytics technologies.

"Adway's patented optical projection technology is not your typical digital display; it offers advertisers a new way to make a lasting impression at the right time, right place," said Sasha Krylov, CEO, Adway. "We go wherever advertisers need us to be: outside shopping centers, movie theaters, sporting events, concerts and along 'main street,' ensuring street-level buzz extends into digital engagement."

Adway's technology offers an alternative to traditional LED taxi toppers with three unique advantages:

  • Unparalleled hardware flexibility: Adway's devices are designed to be attached and detached from the side-view mirrors within seconds.

  • Device size and position: The miniature device on the body of a car expands the possible fleet size by including previously excluded car types (SUVs, vans, etc.).

  • Creative ad opportunity: Adway's "off-axis ultra-short-throw optical system" coupled with its projecting technology allows seamless display and elegant static and motion content that appears fully integrated into the doors of the affiliated vehicles in HD. This provides brand new creative opportunities that can render the displays as more volumetric and captivating.

Being "virtually conscious" of their physical surroundings and using numerous sensors, Adway's devices collect and transmit data to the client's dashboard in real time. This allows advertisers to see their campaign performance and data as it is being collected, so they can better control their spend and targeting in a much more granular way.

Advertisers including Cisco/Webex, Sweetfin, Rip Curl, Sandland, Sky Zone and ROW 8 have benefitted by using Adway's innovative platform to target specific locations with ad messaging that changes dynamically by geography.

"I love that Adway can help us target specific locations around cities with specific messaging that can change by geography," said Alan Nathan, Co-Founder of Sweetfin. "With Adway, we can reach our target customers when they are out of their homes and understand how effective our ads are in real-time."

Using Bluetooth technology, Adway identifies the number of active cellular devices within their vehicles' proximity and tracks unique bluetooth identifiers. Adway does not collect individuals' media access control (MAC) addresses, browser activity, cookies, etc. It is strictly a one-way communication that is totally anonymous and simply counts devices to inform advertisers how many people were exposed to an ad.

Additionally, with Adway's optical system, drivers can earn passive income by displaying brand logos, ads, and other graphics on the sides of vehicles via projections, eliminating the need to permanently change their exteriors. Drivers simply download the Adway driver app, which monitors their performance, facilitates payouts and offers en-route support.

About Adway
Adway is a digital advertising network providing brands with a new elegant way to engage and attract consumers by reimagining street-level media. Its patented projection-based technology displays both static images and video in HD quality on the sides of vehicles, redefining how the public experiences and interacts with media in the realm of transportation, retail, and more.

For more information visit: adwayusa.com

Cision
Cision

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SOURCE Adway