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(March 17): Singapore’s PatSnap Pte reached a valuation topping US$1 billion with a fresh funding round, with SoftBank Vision Fund II and Tencent Investment among those backing the provider of patent analytics. CPE Industrial Fund and existing investors Sequoia China, Shunwei Capital and Vertex Ventures joined the US$300 million Series E round, the software company said in a statement. PatSnap will use the funds for product development and expanding its sales presence. PatSnap is benefiting from a surge in R&D spending, with the U.S. and China seeking an edge in technology and science amid ...

SINGAPORE (BLOOMBERG) - Singapore-founded PatSnap reached a valuation topping US$1 billion (S$1.35 billion) in a fresh funding round, with SoftBank Vision Fund 2 and Tencent Investment among those backing the provider of patent analytics. CPE Industrial Fund and existing investors Sequoia China, Shunwei Capital and Vertex Ventures joined the US$300 million Series E round, the software company said in a statement. PatSnap will use the funds for product development and expanding its sales presence. Joining the list of global technology unicorns, PatSnap is benefiting from a surge in research an...