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Marketplace intelligence company Sensor Tower has secured strategic funding from South Korean funding banking company Shinhan Securities.
The finances will probably be used to boost up the corporate’s ambitions on product innovation on internet and Gen AI datasets. Shinhan Securities joins present traders Riverwood Capital, Paramark Ventures, and Bain Capital Credit score.
Sensor Tower claimed that it has grown earnings at a compound annual fee of 60% over the last 5 years.
AI transformation
“Sensor Tower is worked up to spouse with Shinhan Securities as we proceed our quest to offer most sensible manufacturers, companies, gaming publishers, and traders with probably the most actionable insights around the virtual ecosystem,” mentioned Sensor Tower CEO Oliver Yeh.
“This funding permits us to deepen our management in Generative AI insights, together with increasing our visibility into how AI is impacting each and every nook of the virtual financial system. Via integrating state of the art AI applied sciences without delay into our platform, we’re empowering shoppers to liberate richer insights and maximise the price of our market-leading intelligence at the global’s virtual panorama.”
Shinhan Securities international fairness staff lead Damian Kang commented: “We’re happy to spouse with Sensor Tower, an organization at the leading edge of virtual intelligence and analytics.
“Our funding underscores Shinhan’s dedication to supporting category-defining generation firms which are riding virtual transformation international. Particularly within the generation of AI and virtual transformation, the price of knowledge is expanding, and this price is outlined by means of intensity, timeliness and value of knowledge in connection to person’s determination making.
“We consider Sensor Tower’s distinctive information functions and international achieve place it as a long-term chief on this house.”
Hook up with traders and publishers at Pocket Gamer Connects Summit Korea on October thirty first.
