AI startup Rembrand and social advert agency Spaceback are merging in a private-to-private deal.
The deal, a mixture of money and inventory, will see Spaceback folded into Rembrand. The merger is predicted to shut by the top of September, the businesses mentioned in a joint assertion Monday, however didn’t disclose extra monetary phrases.
The mixed firm can have 75 workers, with Rembrand CEO Omar Tawakol remaining on the helm. Spaceback’s cofounders will be part of the chief workforce, and Spaceback CEO Casey Saran can have a seat on Rembrand’s board, in keeping with the assertion.
The merger combines two complementary adtech approaches.
