REDWOOD CITY, CA, MOLOCO announced today it has received funding from Shinhan GIB at a valuation of $1 billion.
MOLOCO, a leader in machine learning and growth solutions for mobile marketers, announced today it has received funding from Shinhan GIB, an investment banking unit of South Korea's Shinhan Financial Group, as well as other new and existing investors, at a valuation of USD $1 billion. With an annual revenue run rate of $400 million, the company is currently profitable and has experienced an average of 180 percent year-over-year growth for the past four years.
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.
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