Vibe Launches AI Suite to Empower SMBs in Streaming TV Advertising | Martech Edge | Best News on Marketing and Technology
GFG image
Vibe Launches AI Suite to Empower SMBs in Streaming TV Advertising

advertising artificial intelligence

Vibe Launches AI Suite to Empower SMBs in Streaming TV Advertising

Vibe Launches AI Suite to Empower SMBs in Streaming TV Advertising

Business Wire

Published on : Oct 31, 2024

Vibe has launched its latest AI-driven suite of products designed to empower small and medium-sized businesses (SMBs) to fully leverage Streaming TV advertising. The new tools—Vibe IQ2, Vibe AI Assistant, Vibe Studio, and Vibe Connect—aim to democratize Connected TV (CTV) advertising, a domain traditionally dominated by large corporations. With over 3,000 advertisers onboard, 80% of whom are first-time TV advertisers, Vibe is fundamentally shifting how SMBs engage in streaming TV advertising.

 

  • SMB Power:

    • SMBs make up two-thirds of the U.S. economy but account for only 5% of TV ad spending.
    • In contrast, Fortune 500 companies dominate 95% of TV advertising dollars despite accounting for only a third of U.S. GDP.
    • Vibe's platform aims to give SMBs a competitive edge by providing easy access to premium streaming inventory and performance-driven CTV ad solutions.
  • Client Success:

    • Joel Steele, Chief Experience Officer at Carstickers.com, notes the transformative impact of streaming CTV advertising on their marketing strategy and growth.
    • The Vibe platform has significantly driven sales and brand awareness, showcasing the value of their partnership.

New Product Suite

  • Vibe IQ2:

    • An AI-powered feature that uses machine learning to analyze trillions of data points, optimizing campaigns in real time.
    • Focuses ad spend where it counts, improving conversion rates by over 4x.
  • Vibe AI Assistant:

    • Addresses the challenges of media planning by generating tailored campaigns based on millions of data points and best practices.
    • Acts as a personal marketing expert for small business owners, simplifying campaign execution.
  • Vibe Studio:

    • Allows SMBs to create high-quality, CTV-ready ads in less than 10 seconds at no extra cost.
    • Removes barriers to creative production, enabling businesses to easily generate ads within the platform.
  • Vibe Connect:

    • Provides direct access to premium CTV ad spaces, creating a transparent marketplace for SMBs.
    • Facilitates tracking of KPIs and performance optimization while giving content owners control over their ad inventory and data.

Massive Market Potential

Vibe's rapid growth indicates a strong demand from SMBs for straightforward and effective CTV advertising solutions. With a comprehensive tech stack that allows advertisers to reach every household in the U.S., Vibe is poised to lead the $60 billion CTV ad market for SMBs. The company secured $22.5 million in Series A funding earlier this year, reporting a 4x year-over-year revenue growth and plans to increase its workforce by 50% in 2024, even amidst a downturn in the tech industry.

 

With the launch of its innovative product suite and a commitment to empowering SMBs, Vibe is not just filling a gap in the market; it is establishing itself as the premier streaming TV platform for over 10 million small and medium-sized businesses in the U.S. “This is just the beginning of what we can achieve together,” stated Arthur Querou, co-founder and CEO of Vibe.