- Moloco, a Redwood City, CA-based provider of machine learning and growth solutions for mobile marketers, received an undisclosed amount of funding, at a valuation of USD $1 billion
- Backers included Shinhan GIB, an investment banking unit of South Korea’s Shinhan Financial Group, as well as other new and existing investors
- Moloco provides a complete suite of proprietary cloud advertising solutions that allow mobile businesses to use data to optimize the performance of their acquisition, retention, and monetization efforts
- The funding comes as Moloco’s advertising reach has expanded significantly in recent years
- The company has facilitated more than 100 trillion bid requests on behalf of its advertising partners since 2018, and currently serves more than 13 billion ad impressions monthly
- Moloco has offices in San Francisco, Seattle, London, Seoul, Singapore, and Tokyo
