PubMatic was founded in 2006 by brothers Rajeev Goel and Amar Goel, Anand Das and Mukul Kumar. PubMatic software was developed in
Pune, India. In 2011 the company hired Steve Pantelick as CFO, and in 2012 PubMatic raised $45 million from investors. In 2014 PubMatic acquired mobile ad server Mocean Mobile, formerly knows as
Mojiva, for $15.5 million. In 2015, PubMatic opened an office in Latin America. By 2016, the firm was operating by storing most of its data on OpenStack private
cloud servers. In January 2020, PubMatic launched an Identity Hub integrating identity partner IDs, including IAB DigiTrust,
The Trade Desk Unified ID (UID 2.0), ID5, and LiveIntent. In February 2020, PubMatic released the OpenWrap SDK to enhance
header bidding options for mobile publishers. In November 2020, PubMatic filed for an
IPO in
Nasdaq. The company launched its IPO on 9 December 2020. Its clients in 2020 included Verizon,
News Corp,
Electronic Arts, and
Zynga, with
Verizon comprising about a quarter of Pubmatic's revenue during the previous year. In September 2025, PubMatic filed a lawsuit against
Google over
anti-competitive behavior. ==Activities==