ironSource raises $100m investment for app distribution platform
ironSource closed funding at $105 million today. The leader in software discovery, distribution and delivery had raised $85 million in September 2014 and today announced an additional $20 million from Access Industries‘ Israeli tech investments arm ClalTech. Currently, ironSource handles over seven million installs daily and has over 70,000 applications utilising the mobileCore SDK.
Founded in 2010, the Israeli start-up has grown rapidly, opening offices in North America and China over the past year. The latest round of funding reaffirms its future value to investors.
“This new funding will allow us to build on our market dominance to truly disrupt the industry, and revolutionise the way we all download and use applications,” said Tomer Bar-Zeev, ironSource CEO and Co-Founder. “We are very proud to have Access Industries as a strategic and growing partner in ironSource, and are already seeing tremendous value from working closely together.”
ClalTech CEO Daniel Shinar joins ironSource as a Board Observer, following the investment.