InMobi, a Singapore-based consumer technology company focused on finding new ways for consumers to discover and consume content, shop, and engage with brands, raised $100M in debt funding.
MARS Growth Capital led the agreement.
The company intends to use the amount to accelerate its artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions.
Led by CEO Naveen Tewari, InMobi is a consumer technology company dedicated to empowering how the world engages with mobile devices via two core businesses, Glance and InMobi Advertising.
Glance is an AI-powered content discovery platform that delivers personalized content and entertainment directly to users’ smartphones, creating more interactive and immersive journeys. InMobi Advertising offers responsible, data-driven media solutions that empower brands to connect with their audiences through targeted ads.
The company has presence in San Francisco and operations around the globe.
FinSMEs
11/09/2024