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PatSnap raises $300m Series E led by SoftBank Vision Fund 2, Tencent Investment Human interaction with artificial intelligence | Photo: Bloomberg March 17, 2021 Singapore-based innovation intelligence company PatSnap has raised $300 million in a Series E round led by SoftBank Vision Fund 2 and Tencent Investment, according to a press statement. Existing investors namely CITIC Industrial Fund, Sequoia China, Shunwei Capital, Vertex Growth (VGF) as well as Vertex Ventures Southeast Asia and India (VVSEAI) participated in the round. PatSnap reached a valuation topping $1 billion following the f...

PatSnap Secures $300 Million in Series E Funding to Change the Way the World Innovates

SoftBank leads $300m funding round into British AI patent firm UK-based PatSnap has seen a boom in interest from businesses in China in recent years 16 March 2021 • 10:00pm SoftBank and Tencent have led a $300m (£215m) funding round into a London-headquartered business that uses artificial intelligence (AI) to run a global R&D database. PatSnap, which was founded in 2007 and is based out of the UK and Singapore, uses AI and machine learning to give customers information on patents and other intellectual property filings. The company has attracted funding from SoftBank’s $108bn second Vis...

Doug Smiley, New York Music Marketing Exec, Dies at 42 Doug Smiley, New York Music Marketing Exec, Dies at 42 "Doug stands out as a pillar of the authenticity that I strove toward," said Santigold, one of the artists Smiley worked with. Chris Willman, provided by FacebookTwitterEmail Doug Smiley, the marketing director for Verve Music Group, died Saturday, February 27. He had been diagnosed with Stage 4 Pancreatic Cancer less than a month before dying at home in Maplewood, NJ, surrounded by family. He was 42. Smiley joined Universal Music Group’s Verve division last year as its marketing d...

Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void Chinese national banks and Australia’s Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations. Established financiers still taking on oil transactions, such as France’s BNP Paribas and Singapore’s OCBC, have raised compliance standards and are shying away from higher-risk small traders and refiners, according to interviews with over a dozen trading and banking executives....