Around the Net

Hot Mobile Ad Net Gets $8 Mil

Mobile ad network InMobi has raised another $8 million in funding led by existing investors Kleiner Perkins Caufield & Byer Sherpalo Ventures. All told, InMobi -- which TechCrunch calls the "the largest mobile ad network that hasn't been acquired" -- has now raised $15.6 million.

TechCrunch estimates that the company did around $35 million in revenue in 2009, and may hit $75 million for all of 2010. Launched in 2007, the network now does roughly 17 billion monthly impressions combined on mobile apps and mobile Web sites -- second only to AdMob's 18 billion impressions a month. Presently, most of InMobi's ad impressions are outside of the U.S., and in Asia in particular. Still, TechCrunch suggest that the company could see strong growth stateside, especially if Apple ever gets around to block AdMob ads from its mobile ad network. Overall, InMobi serves ads in 108 countries today, and reaches 179 million consumers.

Read the whole story at TechCrunch »

Next story loading loading..