MOLOCO raises $150 Million at $1.5 Billion Valuation for Machine Learning Industry

MOLOCO is the company that provides mobile app marketers and e-commerce companies with machine learning and growth solutions. By turning data, it empowers businesses with better ad performance.

The round Series C was led by Tiger Global Management, the company that mainly focuses on the global internet, software, consumer technology industries. With these investments, MOLOCO is valued at $1.5 billion that much differs from the valuation three months ago, $20 million.

MOLOCO was founded in 2013 in California, by Ikkjin Ahn, who previously was a machine learning engineer at YouTube. The company provides its services to various industries such as e-commerce, gaming, food delivery, fintech, etc. New investments will be spent on research and development, as well as product and engineering. Now, the company employs 200 people and has offices in 8 cities around the world. Among them are San Francisco, Seattle, London, Tokyo.

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