Palaran, a stealth-mode advertising startup based in Palo Alto, has raised $1 million Series A from True Ventures, we’ve learned. True Venture’s Jon Callaghan has taken a board seat along with Om Malik as a board observer. Palaran’s undisclosed round of angel funding came from Esther Dyson, Delicious founder Joshua Schachter and Vish Makhijani, among others.
Palaran was founded in July and has been in stealth mode until now, but we’ve learned that the startup has something to do with web based advertising.
Amit Kumar, CEO, is a former Yahoo! alum; he helped create SearchMonkey, the company’s third-party developer platform. He left last year to serve as VP of Product Management at semantic ads and content engine Dapper. The rest of the team — Joseph Primiani, George Paul and Alan Ngai — are all Yahoo or Google alumni.
Palaran has raised a total of $1.8 million including their angel around.
Congratulations, amazing team!
Congrats to @JP and team! So deserved and I can’t wait to see the beta!
Since you know they deserve this massive funding, you must know what the product is, right? Well, what is it?
I normally don’t like the sound of “stealth mode” but with people like Om Malik and these other A players on the team this could be a real winner when it is unveiled.
Congrats everyone
Congratulations.. a good team is worth investing in….
I have worked with Joseph Primiani, and everything he does is absolutely brilliant. I know this will be big. Look forward to it!
Misspelled my last name. And the company I founded.
Sorry about that — all fixed now!
There’s no such thing as a ’stealth’ company. It’s just ‘company with no product/service to sell/offer yet’.
We can’t wait to talk about this one given the quality of Amit and his team and the breadth of the Palaran vision.
People are everything in our world, and Palaran is a great example of the True thesis at work.
Congrats Amit and Palaran on closing your round – it sure didn’t take long given all of the interest you had
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Congrats @akumar and the entire @palaran team. Onwards and upwards! Can’t wait to try out the beta….
Congrats on the closing, Amit. Looking forward to using your product !!