Rocket Fuel, a developer of artificial intelligence advertising technology, has raised $50 million in new financing. Northgate Capital led the round, with participation from new investors Summit Partners and Cross Creek Capital, the private equity affiliate of Wasatch Advisors. Existing investors Nokia Growth Capital and Mohr Davidow Ventures participated, as did Comerica Bank. Total Rocket Fuel funding now exceeds $76 million. Rocket Fuel is based in Redwood Shores, Calif.
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