TechCrunch
InMobi secures $100 million for AI acquisitions ahead of IPO
Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of a planned IPO next year. Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has financed the funding, InMobi said Wednesday. The company, which works with tens of thousands of app developers across over 50 nations, recently developed techniques for seamlessly integrating native advertisements into content, TechCrunch previously reported.
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