Analysis · Enterprise Software & IT
InMobi CEO warns of AI-driven job cuts for software engineers
By Startup Enthusiast ·
- Date
- Company
- InMobi
- What it does
- mobile advertising and AI platform
- Kind
- Analysis
- Stage
- late
- Based in
- Bengaluru
- Founded
- 2007
- Sector
- Enterprise Software & IT
What they do
InMobi is a mobile advertising and AI platform with two main businesses: InMobi Ads (B2B advertising tech) and Glance (consumer smart lock screen tech)
What happened
The company plans to achieve 80% automation in software coding by the end of 2025, which may lead to job losses for software engineers within two years
Why it matters
InMobi raised $100 million in debt financing from MARS Growth Capital in September 2024 to accelerate AI development and has partnered with Google Cloud to…
The details
- InMobi CEO Naveen Tewari warned that AI will automate 80% of software coding by the end of 2025, potentially leading to job losses for software engineers within two years.
- InMobi is a mobile advertising and AI platform with two main businesses: InMobi Ads (B2B advertising tech) and Glance (consumer smart lock screen tech).
- InMobi has been accelerating its AI-first strategy, aiming to integrate AI at the core of its operations.
- InMobi raised $100 million in debt financing from MARS Growth Capital in September 2024 to accelerate AI development.
- Glance, a subsidiary of InMobi, announced a strategic partnership with Google Cloud to develop GenAI solutions for its smart lock screen technology.
- Tewari urged professionals to upgrade their skills, stating that AI will first impact highly specialized jobs.
- Tewari also suggested that investors may see their roles diminished as AI models can make better investment decisions than most.
The bigger picture
- InMobi has been adopting an AI-first approach since 2024, as reported by The Economic Times in January 2024.
- InMobi has two main businesses: InMobi Ads (B2B advertising tech) and Glance (consumer smart lock screen tech).
- InMobi raised $100 million in debt financing from MARS Growth Capital in September 2024 to accelerate AI development.
- Glance announced a partnership with Google Cloud to develop GenAI solutions for its smart lock screen technology.
- Tewari has been vocal about the necessity of AI adoption, stating that companies not led by GenAI will not survive.
About the business
- InMobi is a mobile advertising and AI platform with two main businesses: InMobi Ads (B2B advertising tech) and Glance (consumer smart lock screen tech).
- Glance is a consumer technology platform that offers a smart lock screen technology platform designed for Android-based smartphones.
What happens next
- InMobi plans to achieve 80% automation in software coding by the end of 2025.
- InMobi is partnering with Google Cloud to develop GenAI solutions for its consumer products.
- InMobi is accelerating its AI-first strategy to stay competitive in a winner-takes-most market.
The deal
- Type
- debt financing
Investors
- MARS Growth Capital (debt financing) — A venture capital firm that provides debt financing to early-stage companies.
Founders
- Naveen Tewari, CEO and founder
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