DoorDash (DASH) said Wednesday it's introducing AI-backed tools on its advertising platform and acquiring ad tech platform Symbiosys.
DoorDash said the acquisition of Symbiosys, valued at $175 million, will bring more offsite advertising opportunities to the DoorDash Ads platform.
The company said the Symbiosys platform allows advertisers to run campaigns in search, social, and display.
DoorDash also said the update to its advertising platform will help restaurants and brands "drive measurable growth" for their businesses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.