Redwood Shores, Calif. -- Smaato, a Redwood Shores-based provider of mobile advertising optimization services, said on Wednesday it has raised $7 million in a new round of funding, led by Singapore's EDBI. Previous investors including Aeris Capital also participated. Founded in 2005, Smaato counts more than 11,000 publisher clients, and is managing close to 20 billion mobile ad requests a month. The company said it will use the new funds to fuel international expansion, particularly in Asia. "Singapore has proven to be an excellent location to expand our Asian business," said co-founder and CEO Ragnar Kruse. "This new round of funding will help us improve our reach, foster product innovation and grow the Smaato team worldwide."