- Source: Glance (company)
Glance is an Indian artificial intelligence-based software company. The company was co-founded in 2019 by Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah with their headquarters being in Bangalore. Glance is owned by InMobi, a multinational technology company.
History
In September 2019, Glance raised 45 million dollars in funding from the United States-based venture capital firm Mithril Capital. In November 2020, Glance raised $145 million from Google and Mithril Capital, increasing its valuation to over $1.2 billion. It is the second company from the InMobi group to have become a unicorn, or a startup valued at more than $1 billion.
In June 2022, Glance launched a three-day digital event called Glance LIVE Fest, with Bollywood actor Rajkummar Rao starring in their marketing campaign to promote it.
Acquisitions
Glance acquired Roposo, a short-form video platform, in November 2019. They purchased Roposo for an undisclosed amount to add vernacular video content to its platform. In June 2021, it acquired Shop101, a social e-commerce platform, for an undisclosed amount to integrate celebrity and influencer-led commerce on Glance and Roposo. In March 2022, it acquired Gambit, an Indian gaming company, for an undisclosed amount to accelerate Glance’s goal of building the biggest platform for NFT-based live gaming experiences for Gen-Z across markets.
References
External links
Official website
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