InMobi Secures $100 Million in Debt Funding, a consumer technology business based in Singapore that focuses on developing innovative methods for customers to shop, interact with brands, and find and consume content.
MARS Growth Capital was the deal’s lead leader. The money will be used by the business to finance prospective acquisitions with an AI focus and to advance its efforts to develop and use artificial intelligence (AI).
Under the direction of CEO Naveen Tewari, it is a consumer technology firm whose two main businesses, Glance and InMobi Advertising, are committed to changing the way people interact with mobile devices globally.
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With the help of artificial intelligence (AI), Glance is a platform for discovering content that personalizes and delivers entertainment straight to users’ smartphones, fostering more engaging and immersive experiences. With the help of ethical, data-driven media solutions from InMobi Advertising, brands can engage with their target consumers through customized advertisements.
The business operates globally and is present in San Francisco.
About InMobi
Founded in 2007, mobile is the core of InMobi. They have grown InMobi Advertising to one of the largest platforms for advertisers and publishers to reach their customers on mobile devices. In 2019, it built Glance, a platform that is helping consumers around the globe discover everything they love on their lock screen and other surfaces. Tomorrow, we see a convergence of AI, Advertising, Entertainment, and Shopping to create personal mobile experiences on a mass scale, ushering in the Surface Economy.
