NEW YORK, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ: OB), a leading technology platform for the open web, today announced a strategic partnership with Cedara, the first end-to-end carbon intelligence platform, to support Outbrain and its customers’ sustainability and decarbonization efforts. The partnership will allow Outbrain to share in-depth emissions measurements with its advertiser partners, including those running on the company’s newly launched branding platform, Onyx by Outbrain™. It will also enable the company to comprehensively measure carbon emissions across its global organization.
In addition, the company announced the launch of its “Smart-Throttling” tool - a response prediction model which uses machine learning to predict and recommend the most valuable requests for its Demand-Side-Platform (DSP) partners. Smart Throttling has been deployed on 80% of Outbrain’s traffic and has successfully reduced the number of requests while maintaining revenue expectations for its premium publisher partners. According to Cedara’s measurement, Outbrain’s Smart Throttling capabilities saved 675 metric tons of CO2e in its first week of testing - equivalent to nearly 76,000 gallons of gasoline (equivalencies calculator).
“Outbrain is committed to shaping a better and more sustainable digital advertising ecosystem, and our partnership with Cedara combined with our Smart-Throttling tool will give us another avenue to support our premium publisher partners while addressing the need to reduce carbon emissions and ensure advertisers have a transparent way to measure the impact of their campaigns,” said Yaron Galai, Co-founder and Co-CEO, Outbrain. “Our direct integrations with many of the most prestigious publishers across the globe make us supply-path-optimized by design, and this added layer will enable us to strengthen our focus on sustainability to continue building deeper partnerships with advertisers.”
Outbrain will leverage Cedara’s technology to assess its own current baseline, analyze data to identify areas for improvement, and empower advertisers to gain visibility into the emissions derived from their campaigns with Outbrain. The partnership also supports the industry-wide initiative Ad Net Zero, aimed at decarbonizing the production, distribution, and publication of advertising.
"Cedara is thrilled to further enable Outbrain's commitment to sustainability, while supporting their publisher and advertiser partners' own paths to net zero," said David Shaw, CEO & Co-Founder of Cedara. "We applaud Outbrain's industry-leading efforts at both an organizational and technological level in decarbonization."
Outbrain has recently implemented initiatives to drive the sustainability agenda including the introduction of OBGreen - an employee advocacy group focused on reducing the company’s carbon footprint - and updated Global Green Office Guidelines to set sustainability standards across Outbrain’s offices and operational practices.
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About Outbrain
Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the open internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 7,000 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America. To learn more, visit www.outbrain.com.
About Cedara
Cedara, the carbon intelligence platform, is on a mission to help businesses decarbonize and to build a more sustainable future for society. Through its comprehensive product suite, Cedara maps the carbon intensity across supply chains to empower investment teams to decarbonize the supply path across their goods and services. Cedara adopts a high-impact, data driven approach to develop transformative solutions for businesses and their partners to accelerate the shift to a net zero economy. Founded in 2021, Cedara is headquartered in New York City with offices in the US and UK. To learn more, please visit cedara.io.
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