Taipei-based start-up Appier Inc (沛星互動科技) yesterday announced that it has raised US$80 million through a Series-D investment round, with accumulated funds totaling US$162 million to date.
The latest capital injection would propel its global expansion, help attract outstanding staff and drive innovation for new industries, while boosting its product suite, the artificial intelligence (AI) developer said in a statement.
The company also aims to help transform their customers into data-driven organizations equipped with cutting-edge technology, it added.
"Our latest investment brings with it new shareholders whose growth-stage experience will help us scale faster toward our ultimate goal of revolutionizing the way enterprises adopt and leverage AI to grow, remain competitive and manage continuous business transformation.” Appier CEO and co-founder Yu Chih-han (游直翰) said in the statement.
Investors joining the latest investment round include TGVest Capital (閎鼎資本), HOPU-Arm Innovation Fund (厚安創新基金), Temasek Holdings Pte’s Pavilion Capital (蘭亭投資), Insignia Venture Partners Pte Ltd, JAFCO Investment and UMC Capital Corp (宏誠創投), Appier said.
The company had previously secured funds from investors such as Sequoia Capital, Softbank Group Corp and Line Corp.
Appier last month acquired Japanese start-up Emotion Intelligence Inc, an AI solutions provider, after adding Indian marketing automation start-up Qgraph to its portfolio last year.
The company, which has 400 employees in 14 offices across Asia, said its growth mirrors the increasing demand on enterprises to effectively implement and leverage AI technologies.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Standard Chartered Taiwan on March 26 announced that it has partnered with international fintech firm FinIQ to build an “Automated Structured Products Pricing Platform.” The bank is also introducing products from global issuers including Goldman Sachs Group Inc, Barclays PLC and BNP Paribas SA. The new platform enables an end-to-end process whereby it finds the most competitive pricing across multiple issuers in a matter of minutes, followed by automated documentation and transaction execution, which significantly shortens time-to-market and delivers a superior wealth management experience. Standard Chartered Bank Taiwan CEO Anthony Yu (游天立) said: “Standard Chartered is increasingly leveraging its wealth management
RSS