The company has raised $100 mn in debt financing from MARS Growth Capital, a strategic collaboration between MUFG and Liquidity Group. InMobi is a global leader in mobile advertising network software. The announcement was made today.
InMobi’s latest release states that the goal of the capital investment is to accelerate the company’s ambitious goals for AI research and acquisitions, should they become necessary. InMobi will be able to build brand and consumer experiences that are more engaging than a typical ad unit, as well as expand the scope of its products.
With support from major players in the industry like Jio and Google, InMobi is currently seeking new funding for its mobile-only content platform, Glance, even though it has been five years since its last financing. InMobi actually became the first unicorn in India when it achieved this prestigious rank in 2011.
Although InMobi’s main office is in Singapore, the company truly operates all over the world because to its strong base in San Francisco. InMobi’s CEO, Naveen Tewari, believes artificial intelligence (AI) will continue to be the primary force behind technological growth and a source of innovation. With MARS Growth Capital’s assistance, InMobi will be able to move more quickly toward transforming the way consumers interact with and perceive digital and advertising, paving the way for a highly significant time of growth and influence at the firm.
With the new funding and unwavering commitment to innovation propelling InMobi’s growth and expansion in this new chapter, the company is poised to take the lead in revolutionizing the digital advertising ecosystem with cutting-edge experiences and solutions that appeal to consumers and brands alike.