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America Movil Buys Stake in Photo Sharing Service

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Mobli, a photo and video sharing platform has announced that Am rica M vil has made an investment in the company as part of its $60 Million Funding Round and has reached a business collaboration arrangement to introduce Mobli's products to Am rica M vil's mobile users.

Mobli, which originally launched in 2011, is a multi-platform photo and video sharing community.

"This is an incredibly important milestone for Mobli - for our users, for our investors, and for our team. This represents a remarkable opportunity for Mobli and a greater responsibility to continue improving and building powerful technology," said Moshe Hogeg, Founder and CEO of Mobli. "Our new strategic partnership with América Móvil will allow us to reach a massive community of millions of users in Latin America."

The company added that the investment will allow it to launch and expand its visual search engine.

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Tags: mobli  america movil