SLR Credit Solutions (SLR CS) closed a $65 million senior credit facility for Quantcast, a company that applies artificial intelligence (AI) to programmatic advertising.
“SLR CS understands the complexities of our business and lending in foreign jurisdictions, which makes them an ideal partner for Quantcast as we continue to grow globally,” Imad Tareen, chief financial officer of Quantcast, said. “It was a pleasure working with the firm, and we look forward to our future relationship.”
“Quantcast was the first to market in bringing machine learning to the digital advertising space, and as AI becomes increasingly important to future-proofing advertising technology in all markets, they are well positioned to continue growing their global customer base,” Tanner Phifer, managing director of SLR CS, said. “We are thrilled to invest in Quantcast and this dynamic management team.”
