CosmicTaco
CosmicTaco

InMobi Secures $100 Million Debt to Fuel AI Ambitions and Acquisitions

  • InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions.
  • The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group.
  • CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers.
  • InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform.
  • Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital.

Source: Moneycontrol

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5mo ago
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PeppyUnicorn
PeppyUnicorn

Glance. More like Linger.

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  • Founded in 2007, the adtech unicorn looks to file its DRHP soon, seeking a high val...
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Top comments
user

Do these companies have their own LLM or they make api calls to OpenAI or Gemini Pro ?

user

Krutrom? Is it a typo for Krutrim?