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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...

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...