Indian advertising technology company InMobi recently received an investment of US$100 million from Mars Growth Capital. This capital will be mainly used to strengthen the company's layout in the field of artificial intelligence and potential future acquisition plans. InMobi is a profitable company with many well-known brand customers, such as Mastercard, Samsung, etc., and actively uses artificial intelligence technology to improve advertising interactivity. In addition, InMobi also owns the unicorn company Glance, which focuses on the Android lock screen platform and is currently seeking more than US$200 million in financing. This financing not only reflects Mars Growth Capital’s optimism for InMobi, but also reflects its confidence in the Asian technology market.
InMobi, a profitable company that counts well-known brands such as Mastercard, Samsung, Vodafone and Coca-Cola as clients, has been actively exploring artificial intelligence technology in recent years to make advertising more interactive. The company cooperates with tens of thousands of application developers in more than 50 countries around the world, and is committed to seamlessly integrating native advertising into content through technical means to enhance user experience.
In addition, InMobi also owns Glance, a corner startup that focuses on Android lock screen platforms. Glance is currently in talks to raise more than $200 million, according to TechCrunch.
InMobi plans to conduct an initial public offering (IPO) in India next year, targeting a valuation of about $10 billion. The company expects annual revenue to exceed $700 million by the end of March next year. This financing from Mars Growth Capital marks a big step for the investment company in the Asian technology ecosystem and expresses their confidence and commitment to the market.
It is worth mentioning that Mars Growth Capital has also recently supported other Indian startups, such as fast business platform Zepto and marketplace Infra.Market, showing their emphasis and enthusiasm for investment in the Indian market.
Highlight:
InMobi successfully raised US$100 million, focusing on artificial intelligence and future acquisition plans.
? The company’s customers include well-known brands such as Mastercard and Samsung, and it actively promotes interactive advertising technology.
It plans an IPO next year with a target valuation of about US$10 billion and annual revenue expected to exceed US$700 million.
InMobi’s huge financing and active market layout herald its strong development momentum in the fields of advertising technology and artificial intelligence, and also injected new vitality into the Indian technology industry. Its future IPO plans and continued investment in artificial intelligence technology deserve continued attention from the industry. InMobi's success story also provides reference and inspiration for other Asian technology companies.