IronSource acquires video and playable ad platform Luna Labs
Mobile advertising company ironSource is announcing its second acquisition of the year - Luna Labs, a startup that that's built a platform allowing app developers to create and manage video and playable ads.
When I first wrote about the startup in 2019, its main selling point was the ability to create those ads directly from from the Unity game engine used by many developers. Since then, it has expanded its platform to support the creation of both playable and video ads (including unlimited variations of a gameplay video), manage their entire ad library, analyze their performance and even automatically optimize them based on install data. Its customers include Crazy Labs, Supersonic Studios, Lion Studios, Kwalee and Voodoo.
IronSource, meanwhile, has built a platform for mobile user growth and monetization. It was valued at more than $1 billion in its most recent funding round of more than $400 million, and in January it announced the acquisition of ad measurement company Soomla.
In a statement, ironSource's co-founder and chief revenue officer Omer Kaplan said:
Our vision at ironSource is to build the most comprehensive growth platform for app developers, allowing them to focus on content creation and on building a great user experience, while we provide the infrastructure for their business expansion. Creatives are a key part of that and have only become more important as competition for user attention grows. But ad creative development and testing at scale is incredibly difficult and costly. Luna Labs solves that by bringing high quality end-to-end ad creation management to app developers, and we're excited to be able to add that capability into the ironSource platform.
The financial terms of the acquisition were not disclosed. IronSource says that the Luna Labs team (currently based in the United Kingdom) will remain in its current offices, where it will continue developing its technology under the ironSource umbrella."