Glance, the mobile first content platform and part of the InMobi Group has closed $45 million in investment from Mithril Capital. Headquartered in Austin, Texas, Mithril Capital, with over $1.2 billion in committed capital, is a growth stage investment firm co-founded by Silicon Valley investors Ajay Royan and Peter Thiel.
Glance delivers artificial intelligence-driven, personalised content to screen zero of smartphones. As of August 2019, Glance has more than 50 million daily active users who spend 22 minutes per day on Glance, the company said in a press release.
According to Glance, Mithril’s $45 million investment anchors a larger financing round. The new funds will enable Glance to launch multiple new platforms, including Glance TV – a mobile-first, short form video platform; Glance Gaming – a destination for casual gamers; Glance Shopping, where content meets commerce; and Glance Nearby – a hyperlocal experiential platform. The company will also use the funds to expand into Southeast Asia in the coming months.
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