Digital Content Next, an organization promoting online publishers' interests, has sold its ad tech division, TRUSTX, to Symitri. This move follows strategic deliberations and is part of a rising trend of dealmaking in ad tech, mainly among strategic players. Symitri recently secured $5 million in funding from institutional investors KB Partners, AperiamVentures, and Trajectory Ventures, and ad tech industry figures like Jonah Goodhart, Will Luttrell, and Ari Paparo.
Symitri's CEO, David Kohl, announced plans to launch the "world’s first integrated privacy firewall and real-time data clean room". This project aims to reconcile open-web programmatic advertising's economic viability with the increasing global demand for consumer privacy. The financial details of TRUSTX's sale, a nonprofit ad exchange offering transparent inventory from DCN publishers such as News Corp, Hearst, and The Washington Post, were not disclosed.
Symitri is also partnering with Akamai Technologies, a Nasdaq-listed company specializing in enterprise services like content delivery networks, cybersecurity, and cloud computing, to assist with the launch. After a beta launch with TRUSTX in 2024, Symitri intends to broaden its supply-chain partnerships and integrations with select identity and data technology providers.
Kohl expressed publishers' concerns about shared identity solutions perpetuating the same data leakage and inventory commoditization challenges created by cookies. Ari Paparo, an ad tech industry veteran, described Symitri's approach as innovative, integrating clean room technologies into the programmatic transaction in real-time, potentially giving it a significant advantage over other solutions.