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Moloco unveils new vision to celebrate 10th anniversary

Collected: 2023.12.08

Distributed: 2023.12.09

Source: Go Direct

Moloco CEO Ikkjin Ahn

Silicon Valley-based AI and machine learning solutions company Moloco Inc. marked its 10th anniversary by unveiling its corporate vision. CEO Ikkjin Ahn held a press conference at Josun Palace Seoul Gangnam in Seoul, announcing the company’s vision to support business growth across all industries through machine learning.

“Using machine learning, our vision is to support the business growth of every sector. After a decade, we have achieved a company valuation of $2 billion, with 14 consecutive quarters of profitability,” Ahn said.

Moloco specializes in machine learning-based performance advertising solutions, supporting cloud DSP for app growth via performance advertising and retail media platforms aiding advertisements for e-commerce companies, as well as revenue-generating solutions for streaming and over-the-top (OTT) video service companies.

Among unicorns, or startups valued at over 1 trillion won ($760 million), Moloco stands out as the first Korean-founded AI company in Silicon Valley.

Moloco was founded in 2013 by former Google engineer Ahn along with two former Google colleagues. The company garnered investments from Korean and global venture capital firms, and now houses a workforce of over 600 employees spread across 12 global offices.

By Lee Sang-duk and Minu Kim

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