Bidding Platform DataXu Raises $11 Million Second Round

Online ad exchange DataXu has raised an $11 million second round led by Menlo Ventures. Atlas Venture and Flybridge Capital Partners, who backed DataXu’s $6 million first round in April 2009, also participated this time out. The proceeds will be used to fund new product development, sales and marketing, and international expansion. In a blog, DataXu, which has offices in Boston and New York, also hints at more “solutions” to come, but didn’t offer any details. Release