Inmobi raises money from existing investors


Inmobi

Inmobi has raised $8m venture capital from existing VCs – KPCB and Sherpalo Ventures. Inmobi is a bangalore based mobile Ad network which serves nearly 17billion ad impression per month globally.

InMobi offers advertisers, developers, and publishers a dependable global mobile advertising platform other InMobi has invested in building a highly scalable, mobile customer discovery ad network leveraging its unique analytics engine AdROItTM to optimize ad serving in real time.

Interestingly there was a strong buzz in the market that Yahoo and Apple had shown interest in acquiring inmobi but it didnt materialize.

Inmobi was founded in 2007 by Naveen Tiwari, Amit Gupta and Abhay Singhal

Last year they had rebranded itself to inmobi from mKhoj, check out here.

-Hitesh, vcBytes.com