Interactive video ad tech startup Innovid has changed significantly since its beginnings in 2007, when it had nothing to do with advertising.
Though it has since helped companies like Toyota, Chrysler and Sony Pictures serve up dynamic and interactive pre-, mid- and post-roll video ads, and has worked with both Roku and Sony Playstation to deliver over-the-top ads, it was founded by a group of guys with “no media/ad tech backgrounds whatsoever,” said Zvika Netter, Innovid’s cofounder and CEO.
Innovid’s initial incarnation was as a platform that dissected video content frame-by-frame and extracted metadata. “We spent three years building the platform and interacting with studios such as MTV and CBS to change the whole format of how news, sports, cooking shows (looked in digital),” Netter recalled. “It was a lot of cool, fun stuff, but absolutely no revenue.”
No revenue, however, isn’t a sustainable business model and in 2010, Innovid began its exclusive focus on advertising, working initially on pre-roll ads and now partnering with a number of video ad networks, premium publishers and tech platforms to serve interactive, cross-screen placements.
Netter spoke with AdExchanger for the next installment in a series of Q&As evaluating the video ads ecosystem. Past interviews have included: BrightRoll, Ooyala and SpotXchange. This series will also include Videology, Vindico and more.
AdExchanger: Describe the Innovid platform.
ZVIKA NETTER: Our Atom platform runs pre-roll (interactive iRoll) and other formats across web, mobile, connected devices and we’re extended that into the TV world. We’re not active on the traditional TV dollar side, but we have insight on the digital side, and we absolutely see digital video budgets increasing where we are active with things like addressable, personalized and dynamic video.