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Adtech startup InMobi has secured $100 million in debt financing to boost its artificial intelligence initiatives and prepare for potential AI acquisitions before its upcoming IPO.
### Funding for Growth
Mars Growth Capital, a joint venture between MUFG and Liquidity Group, provided the financial support for InMobi, which has also invested in other Indian startups like Zepto and Infra.Market.
### AI Advancements
Backed by SoftBank and serving top clients like Mastercard and Samsung, InMobi has been focusing on AI advancements to improve ad interactivity. With a global presence and innovative native ad integration techniques, the company is making waves in the tech industry.
### Future Plans
InMobi, along with its unicorn startup Glance, is aiming for a $10 billion valuation in its IPO next year. With projected annual revenue exceeding $700 million, the company is set to make a big impact in the market.
With a commitment to growing the Asian tech ecosystem, Mars Growth Capital’s investment in InMobi marks a significant milestone in the firm’s portfolio.
