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Paypal co-founder Peter Thiel's Mithril Capital invests $45 mn in Glance
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Bengaluru, Sept. 10 -- Mithril Capital, the investment firm co-founded by Peter Thiel, co-founder of Paypal and Palantir Technologies, and the first outside investor in Facebook, has invested $45 million (about Rs.324 crore) in Bengaluru-based advertising tech unicorn, InMobi's business-to-consumer unit, Glance.
Glance is an artificial intelligence (AI)-powered platform that delivers ad-free, personalised content to the lock screen of smartphones. Glance is part of the InMobi group, that also includes InMobi Marketing Cloud and TruFactor. In a press statement on Tuesday, the company claims that the content platform now has 50 million daily active users.
InMobi's founder and chief executive Naveen Tewari told Mint that the investment wil...
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