MOLOCO, an ad-tech startup that uses machine learning to build mobile campaigns, announced it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion.
The new funding will be used to expand MOLOCO’s machine learning engine to more use cases by focusing on research and development, product, and engineering.
Company: Moloco Inc.
Round: Series C
Funding Month: August 2021
Lead Investors: Tiger Global Management
Company Website: https://www.molocoads.com/en/
Software Category: programmatic advertising platform
About the Company: MOLOCO was founded in 2013 with a vision: empowering mobile businesses to thrive by turning data into ad performance. We’re a tech-driven company with top talent from Google, Amazon, and Twitter, which has enabled us to create an industry-leading programmatic advertising platform powered by the best in machine learning.