SUMMARY
- InMobi secured $100 million in debt financing from MARS Growth Capital.
- Funds will be used to enhance AI technology and explore AI-focused acquisitions.
- InMobi aims to drive AI-led growth in its consumer and enterprise businesses.
SoftBank-backed consumer technology company InMobi has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. The funding is aimed at accelerating the development and deployment of InMobi’s artificial intelligence (AI) technology and supporting potential AI-focused acquisitions.
InMobi, which is in the process of preparing for an initial public offering (IPO) in India, plans to utilize the funds to enhance its AI capabilities across both consumer and enterprise segments. The company is focusing on transforming digital advertising and user engagement through advanced AI solutions.
Naveen Tewari, CEO of InMobi, expressed satisfaction with the new financing, stating, “We are pleased to have the confidence and funding from MARS Growth Capital to further accelerate our growth trajectory. AI is the bedrock of both InMobi’s consumer and enterprise businesses.” He emphasized the company’s commitment to revolutionizing advertising by creating highly engaging and native ad experiences for consumers, advertisers, and publishers.
MARS Growth Capital, which specializes in investing in future-ready AI platforms in the Asia-Pacific and Europe regions, sees significant potential in InMobi’s growth. Ron Daniel, Co-Founder and CEO of Liquidity Group and CEO of MARS Growth, noted, “As one of our largest transactions to date, this financing will help fuel InMobi’s next phase of AI-led growth.”
InMobi has been leveraging AI to power its consumer offerings, such as innovative lock screen experiences, and its advertising platforms, which aim to deliver superior engagement and outcomes. MARS Growth Capital, through its joint venture with MUFG, is dedicated to nurturing the Asian tech ecosystem. The debt financing for InMobi is a testament to this commitment, reflecting a strategic focus on companies that are poised for AI-driven innovation and growth.
