Monday, July 18, 2011

Google AdSense Founder Raises Cash From Lerer Ventures And Others For Stealth Startup Scopely

Google AdSense co-founder Eytan Elbaz is announcing a round of funding from a group of all-star investors for his stealthy startup Scopely. Investors in the round (the amount of which was not disclosed) include Lerer Ventures, Greycroft Partners, Howard Lindzon, Terri Semel’s Windsor Media, David Cohen, Dave Tisch, Gil Elbaz, and Evan Rifkin.

For background, Elbaz co-founded Applied Semantics, which he sold to Google for $100 million in 2003. Applied Semantics ended up becoming Google AdSense, and Eytan stayed on as Head of Domain Channel for Google. He left Google in 2007 to pursue other projects.

Eytan declined to reveal exact details on what Scopely will focus on, but said that the startup will disrupt the social space that is “ripe for innovation.” He says that social networks have grown up quickly and Scopely’s product, which is being programmed in Node.js, will play in this arena. He adds that online advertising will play a part inScopely as well.


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