San Mateo-based AdMob said Tuesday evening that the firm has raised $15.7M for the firm's mobile advertising marketplace. According to the company, the Series C funding was led by Sequoia Capital's Growth Fund, and also included Accel Partners. The firm said it will make strategic investments to increase its lead in the mobile advertising area, including hiring of local staff worldwide, investing in its technology platform, expanding its offerings, as well as through sales and business development hires. More information »