"AI is the bedrock of both InMobi's consumer and enterprise businesses, and we are using it to power the revolutionary lock screen experiences and InMobi Advertising's platforms. We are reimagining how ads can be made truly native by driving superior engagement and outcomes for consumers, advertisers and publishers," said Naveen Tewari, CEO of InMobi, in a statement.
"The debt financing from MARS Growth Capital represents one of the largest transactions to date for the investment firm. InMobi is planning a significant IPO next year with a valuation target of around $10 billion," highlighting the ambitious growth trajectory of the company.
"InMobi has actively exploring AI advancements over the past two years to enhance ad interactivity, which is crucial for its business with significant customers like Mastercard, Samsung, and Coca-Cola," showcasing its strategic focus on AI.
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