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Ad Infuse Gets New Infusion Of $12 Million

Thursday, January 24, 2008 5:37:00 AM PDT | VentureDeal Staff

SAN FRANCISCO, CA -- Mobile advertising company Ad Infuse, Inc. has raised $12 million in new venture capital investment.

Ad Infuse has created a platform that enables publishers and carriers to target and deliver customized advertising and other digital media to consumers over mobile networks.

SoftBank Capital led the round, which included Velocity Interactive Group (ComVentures) and Storm Ventures.  The funding will be used to expand the company's platform development and sales & marketing efforts.

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