Redwood Shores, Calif. – Smaato, a provider of mobile
advertising optimization services, announced on Wednesday that it has raised $7
million in new funding, led by Singapore’s EDBI.
Previous investors including
Aeris Capital also participated.
Founded in 2005, Redwood Shores, Calif.-based
Smaato counts more than 11,000 publisher clients, and is managing close to 20
billion mobile ad requests per month.
The company will use the new funds to
fuel international expansion, particularly in Asia, via its Asian headquarters