MOLOCO, a leader in machine learning and growth solutions for mobile app marketers and e-commerce companies, announced today it has raised $150 million in Series C funding to bring sophisticated, transparent machine learning models to businesses throughout the world.

The round was led by Tiger Global Management, an investment firm focused on public and private companies in the global internet, software, consumer, and financial technology industries, with participation from existing investors. MOLOCO has now raised a total of $200 million to date. Its latest funding gives the company a $1.5 billion valuation. MOLOCO has consistently grown in excess of 100 percent annually and has surpassed an annual net revenue run-rate of more than $100 million.

MOLOCO is a programmatic advertising company that empowers mobile businesses to unleash the power of their data for fast, sustainable growth. Founded in 2013, the company offers a complete suite of proprietary advertising solutions to help mobile companies optimize the performance of their acquisition, retention, and monetization efforts. MOLOCO Cloud is a top-rated cloud platform that provides scale across nearly 10 billion devices. MOLOCO is headquartered in Silicon Valley, with offices in San Francisco, Seattle, London, Beijing, Seoul, Singapore, and Tokyo.