TRAX, a GIC-backed startup providing computer vision and in-store analytics for the retail industry, has joined Singapore’s unicorn stable after closing a US$100 million investment to expand its footprint in China and globally. Read more at The Business Times.
On Tuesday, Hopu’s managing director Gunther Hamm said: “We are convinced that Trax can grow rapidly in China’s consumer landscape.”
Trax said on Tuesday that the latest round of funding will go into accelerating its innovation and mass-market deployment of its retail solutions. Trax is eyeing an initial public offering in the US within the next 18 to 24 months, and said in May that it was also in talks with the Singapore Exchange for a potential dual listing.
Trax is also engaged in digital transformation projects with global retailers, to provide them with continuous shelf-tracking through its software and wireless IoT camera system.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Retail analytics startup Trax closes US$100m round, becomes Singapore's 2nd unicornTRAX, a GIC-backed startup providing computer vision and in-store analytics for the retail industry, has joined Singapore’s unicorn stable after closing a US$100 million investment to expand its footprint in China and globally. Read more at The Business Times.
Read more »
Trax gets US$100m funding, becomes Singapore's second unicornSINGAPORE: Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has ...
Read more »
Retail analytics startup Trax closes US$100m round, becomes Singapore's 2nd unicornTRAX, a GIC-backed startup providing computer vision and in-store analytics for the retail industry, has joined Singapore’s unicorn stable after closing a US$100 million investment to expand its footprint in China and globally. Read more at The Business Times.
Read more »
Trax gets US$100m funding, becomes Singapore's second unicornSINGAPORE: Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has ...
Read more »
Singapore Kitchen Equipment loses appeal for Hong Kong dual-listingCATALIST-LISTED Singapore Kitchen Equipment Limited has unsuccessfully appealed the Hong Kong Exchange's decision to reject its dual-listing application on the bourse's Growth Enterprise Market (GEM) board. Read more at The Business Times.
Read more »
Co-living firm Hmlet raises US$40m in Series B roundSINGAPORE-BASED co-living company Hmlet has raised US$40 million in a Series B round, which will allow it to continue growing across gateway cities in Asia, it said in a media statement on Tuesday. Read more at The Business Times.
Read more »