Trax, a Singapore-based startup serving the retail industry, raised US$640 million ($857.2 million) from investors led by SoftBank Vision Fund II and BlackRock Inc to bankroll its global expansion.

New investors in the Series E financing included Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds known as Omers, as well as Sony Innovation Fund by IGV, the startup said in a statement. The round valued Trax at more than US$3 billion, according to people familiar with the matter, who asked not to be named because the information is private.

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