Taiwan’s Appier raises $80m in funding for AI-based technology

The start-up’s total funding now equates to $162m

                                

Appier, a Taipei-based artificial intelligence start-up has raised a $80m (£62m, €72m) series D funding round, making its total funding to date $162 million.

The investment comes from TGVest Capital, HOPU-Arm Innovation Fund (SoftBank owns Arm), Temasek’s Pavilion Capital, Insignia Venture Partners, JAFCO Investment and UMC Capital.

Appier says the latest capital injection will “propel worldwide market expansion, attract outstanding global talent and drive innovation in AI for new industries beyond digital marketing, in addition to continuing to strengthen and scale Appier’s current product suite”.

The company has not disclosed its valuation but says it has been growing since its last Series C funding in 2017.

Previous funding comes from investors including Sequoia, Softbank, and Line.

Since 2018, the company has acquired two start-ups – QGraph and Emotion Intelligence (Emin).

Established in 2012, the firm provides AI services to brands and retailers to assist in customer engagement. It now has around 1,000 customers and more than 400 employees across 14 offices in 12 markets.

FURTHER READING: Tamil Nadu to announce pioneering policy on blockchain and AI

FURTHER READING: US Post Office turns to AI for speed

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image