Vungle, a mobile ad startup that focuses on 15 second, in-app videos, is announcing that it has raised $17 million in Series B funding.
It's only been six months since the company announced its $6.5 million Series A. CEO Zain Jaffer said Vungle didn't need to raise more money, but the additional funding will allow the company to be "a lot more aggressive" — apparently Jaffer's plans include tripling headcount by the end of the year (Vungle currently employs around 50 people) and growing internationally, particularly in Asia.
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