09 September 2021, 8:32 pm. 1 minute
Reuters exclusively reported that Singapore-headquartered tech startup ADVANCE.AI is raising about $200 million in a funding round that will propel it into a small group of Southeast Asia unicorns – unlisted companies valued at $1 billion or more. The backing from Warburg Pincus, one of the world’s biggest private equity firms, is expected to help ADVANCE.AI scale up its business significantly. Investments from large global funds usually help startups notch higher valuations in subsequent funding rounds.
Topics of Interest: Technology
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story