Company signs nine new Platform License Agreements totaling more than $5 million in annualized revenue
SAN ANTONIO, March 31, 2022 (GLOBE NEWSWIRE) -- AiAdvertising, Inc. (AIAD), a technology-driven provider of digital advertising solutions, today announced that it is successfully executing on its transition from operating as an agency with inconsistent and unpredictable revenue to an integrated AI-as-a-Service (AIaaS) platform solution with scalable and predictable, monthly, recurring revenue. The Company has signed nine new Platform License Agreements since the beginning of the year which totals more than $5 million in annualized revenue.
“We are proud to see our entire team working so hard to methodically execute this transition, while at the same time establishing us as a clear market leader in the rapidly emerging AIaaS category,” said AiAdvertising CEO Andrew Van Noy. “The addressable market for AIaaS in the marketing and advertising category is enormous and is expected to reach $21 billion in 2023. To put that in perspective, if we can capture a mere 1% of that market, this is a multi-billion dollar business. The contracts we have signed so far this year are across a wide range of industries, and the success of our sales team in closing these deals is very encouraging.”
He continued, “Our revolutionary cloud-hosted ad management platform which harnesses the power of artificial intelligence (AI) is rapidly gaining notoriety in the advertising industry. It’s clear that we are very early in this transformative cycle, but the opportunity in front of us is enormous. We have a lot more to do in order to realize our potential, but I'm really pleased about our progress thus far.”
Find out more information about AIaaS from BeyondMinds.
AiAdvertising is an innovative technology company focused on harnessing the power of artificial intelligence (AI) in the digital advertising category. Our flagship solution, the Ai Ad Platform, is the digital ad industry's first cloud-hosted ad management platform that leverages AI, enabling marketers to eliminate waste, predict winning creative, dynamically scale creative, generate more leads, acquire more customers, and increase ROI.
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