Summary:
Moloco, a $2B ad-tech startup, is expanding its Silicon Valley presence by taking over a 60,000 sq ft office from Meta in Menlo Park
The move doubles Moloco's headquarters space, supporting its rapid growth and 80% increase in headcount since early 2023
Meta continues to reduce its Bay Area real estate, planning to shed 2 million square feet of office space
Moloco's new office will house over 300 employees, focusing on engineering and product development, opening in early 2026
This transition reflects a broader trend of tech startups filling spaces vacated by giants like Meta, showcasing the dynamic Bay Area tech ecosystem
Moloco, a rapidly growing advertising technology startup, is making headlines by taking over a 60,000 square feet office in Menlo Park from Meta, as the social media giant continues to reduce its Bay Area real estate footprint. This move not only doubles Moloco's current headquarters space in Redwood City but also marks a significant milestone in the company's expansion, boasting a $2 billion valuation from a recent funding round.
A Strategic Silicon Valley Presence
Moloco's new headquarters at 135 Commonwealth Drive is set to open in early 2026, accommodating over 300 employees, with a focus on engineering and product development roles. This relocation underscores Moloco's commitment to Silicon Valley, leveraging the region's rich talent pool to fuel its innovative advertising solutions for clients like Wayfair, Burger King, and Pinterest.
Meta's Real Estate Strategy Shift
Meta's decision to sublease this space is part of a broader strategy to shed 2 million square feet of its Bay Area office space, as disclosed in a January SEC filing. This building, previously a site for Meta layoffs in 2023, now symbolizes the shifting dynamics in Silicon Valley's real estate and tech employment landscape.
The Bay Area's Tech Office Carousel
Moloco joins a growing list of tech companies, including Snowflake and Strava, that have moved into spaces vacated by Meta. This trend highlights the resilience and adaptability of the Bay Area's tech ecosystem, where startups and scale-ups are stepping into the footprints left by industry giants.
With offices in San Francisco, Seattle, New York, and globally, Moloco is positioning itself as a formidable player in the ad-tech space, currently listing 39 open roles in the U.S. alone. The company's growth trajectory and strategic real estate moves signal a bright future in the competitive tech landscape.
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