Defendant
2 cases as defendant.
I'll research this company before writing the profile.
Overview. Beeswax.io Corp. (commonly "Beeswax") is a New York City–based advertising technology company founded in 2014 by former Google executives Ari Paparo, Ram Kumar Rengaswamy, and Shamim Samadi. It is headquartered at 275 7th Avenue, New York, and previously raised roughly $26–28 million from investors including Foundry Group, RRE Ventures, Amasia, Highland Capital Partners, SV Angel, and You & Mr Jones/The Brandtech Group. In December 2020, Comcast's FreeWheel agreed to acquire Beeswax; the deal closed in January 2021, and Beeswax now operates as part of FreeWheel, a Comcast subsidiary. It is privately held with no public ticker. Employment is small — Inc. listed 51–200 employees pre-acquisition, and third-party trackers report roughly 40–50 post-acquisition, though Comcast does not break out Beeswax figures and no verified revenue data is public.
Products / operations. Beeswax is an operating company, not an NPE. Its core offering is Bidder-as-a-Service (BaaS) — a customizable, cloud-based programmatic bidding stack that lets media buyers, brands, and ad-tech firms run their own demand-side platform (DSP) and real-time bidding logic. Related offerings include a programmatic DSP, a "programmatic cloud," and performance bidding strategies such as CPA bidding. Disclosed customers have included Uber, DraftKings, and Nexstar. After acquisition, Beeswax's DSP was folded into FreeWheel's advanced-TV and connected-TV (CTV) advertising stack.
Litigation posture. Beeswax is a pure defendant — 2 tracked cases, 0 as plaintiff — consistent with an operating company being targeted rather than asserting patents. Both suits were filed in the U.S. District Court for the District of Delaware (not the Eastern District of Texas) and assigned to Judge Maryellen Noreika.
Notable cases. Both tracked matters are AlmondNet, Inc. et al. v. FreeWheel Media, Inc. et al. (2023 and 2024), in which Beeswax is a co-defendant alongside parent FreeWheel. Plaintiffs AlmondNet, Inc. and Intent IQ, LLC are patent-assertion entities known for a broad targeted-advertising campaign (AlmondNet won a reported $122M jury verdict against Amazon in 2024). The asserted patents cover behavioral-profile accumulation, cross-device/STB ad targeting, and CTV advertising — directly implicating the acquired Beeswax BaaS/DSP technology. FreeWheel filed IPR petitions against the patents in March 2024, and a stipulated dismissal with prejudice resolved the earlier Delaware action.
Patent infringement action asserting the '198 patent, 8,595,069, and 11,949,962 against FreeWheel and Beeswax. On Feb. 26, 2025, the court granted-in-part/denied-in-part a motion to dismiss, and the matter is recorded as closed.
Docket/patent listings include US 8,775,249 among the patents in suit (with '260, '307, '398, '015, and others). On Feb. 26, 2025, the court granted a stay pending IPR; a later stipulated dismissal order indicates Plaintiffs' claims were dismissed with prejudice and Defendants' without prejudice, each party bearing its own costs, suggesting settlement.