SF-based Ad Infuse, a provider of targeted mobile advertising, has raised a $12 million second round led by SoftBank Capital, with participation from previous investors ComVentures and Storm Ventures. The company previously raised $6 million in 2006, for a total of $18 million. The company says it will use the funding to extend its product, as it invests in areas such as video games, browsing and podcasting, both on and off deck. The company says it’s now doing 500m impressions per month. Last year, the company helped Swisscom launch an ad-supported mobile music video channel. Release.
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