Singapore-based Envision Digital raises $210 mln led by Sequoia China & More News Here

SINGAPORE, June 7 (Reuters) – Singapore-headquartered Envision Digital, a supplier of synthetic intelligence and web applied sciences software program, has raised $210 million, led by enterprise capital agency Sequoia China and backed by Singapore sovereign wealth fund GIC.

In an announcement on Tuesday, Envision Digital, a part of Chinese renewable agency Envision Group, stated the Series A funding will allow it to broaden its operations and fund extra analysis and growth actions.

“We are confident of the long-term growth potential of Envision Digital,” Choo Yong Cheen, chief funding officer of personal fairness at GIC stated within the assertion.

Envision Digital stated its proprietary tech working system connects and manages greater than 200 million good gadgets and 400 gigawatts of vitality belongings globally.

It employs greater than 900 staff and has 13 workplaces throughout Britain, France, China, the United States and others. Envision Digital’s greater than 500 prospects and companions span the retail, industrial, vitality and transportation sectors.

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Reporting by Anshuman Daga; Editing by Stephen Coates

Our Standards: The Thomson Reuters Trust Principles.

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