InMobi raised $100 million in a debt financing round led by MARS Growth Capital to advance its AI development and fund acquisitions.

Sep 11, 2024•over 1 year ago

Amount Raised

$100 Million

SingaporeInformation Technology

Investors

Mars Growth Capital

Description

InMobi has closed a $100 million debt financing agreement with MARS Growth Capital to enhance its AI capabilities and pursue strategic acquisitions. This funding will help propel the company's efforts in artificial intelligence development and deployment.

Company Information

Company

InMobi

Location

Singapore, Southeast Asia, Singapore

About

InMobi, founded in 2007, is a global consumer technology company that harnesses the power of AI to fuel growth through cutting-edge digital platforms and comprehensive mobile advertising solutions. We’ve grown InMobi Advertising into one of the world’s largest platforms, enabling advertisers and publishers to effectively connect with consumers on mobile devices. In 2019, we launched Glance, a discovery platform that brings personalized content and experiences directly to users’ lock screens and other surfaces.

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