Mobile ad firm Smaato has secured $7 million in a new round of venture funding led by Singapore-based investment firm EBDI and including prior investors such as Aeris Capital. The company will use the
financing to fuel its international expansion, especially to extend its presence in Asia beyond Singapore. Smaato is headquartered in Redwood Shores, Calif. The company says that more than
11,000 publishers worldwide have signed up for its mobile ad optimization platform and that its system is handling close to 20 billion ad requests a month. Read more
here.
