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Trax gets US$100 mil funding, becomes Singapore's second unicorn

Reuters
Reuters7/23/2019 05:28 PM GMT+08  • 2 min read
Trax gets US$100 mil funding, becomes Singapore's second unicorn
SINGAPORE (July 23): Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has raised US$100 million ($136 million) in its latest funding round, becoming Singapore's second
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SINGAPORE (July 23): Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has raised US$100 million ($136 million) in its latest funding round, becoming Singapore's second unicorn.

Chinese private-equity firm Hopu Investments led the financing for the nine-year-old firm, Trax said in a statement.


See: Singapore startup Trax is raising funds at $1.1 billion value

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