The innovation from artificial intelligence has high-growth software companies taking on multi-billion digital media giants such as Google and Facebook. New digital media and martech technologies continue to see accelerated growth with a global pandemic and soaring media consumption and ecommerce activity trends.
The sector has seen parabolic increases in the large technology markets, with the Nasdaq composite also reflecting a massive spike in new-technology Special Purpose Acquisition Funds (SPACs). In 2020, 250 SPACs raised more than $83 billion — with SaaS (software as a service) as a leading category. A rising tide carries all ships, as seen in a boom of AI software small caps.
DGTL Holdings Inc. (TSX.V: DGTL) (OTCQB: DGTHF) (Profile) is an AI accelerator company that operates much like a mini technology SPAC. DGTL is building a portfolio of fully commercialized enterprise SaaS in the digital media and martech software sectors. DGTL is quickly making a name for itself with an average of 75% YoY revenue growth for the past two quarters and Tier-one global brand clients, including impressive licensing deals with companies such as Quaker Oats, Budweiser, Dunkin’ Brands, Mitsubishi Motors, DoorDash, Stella Artois, Nestle, Keurig-Dr. Pepper, Pizza Hut, Patagonia, and most recently DraftKings — all leveraging the AI-powered social media content management platform of DGTL subsidiary Hashoff.
Usually categorized under the broader umbrellas of SaaS…