Our Southeast Asian team is pumped after helping Singapore-based artificial intelligence company Antworks complete its series A round in late July.
Antworks raised US$15m from the investment arm of Softbank, the Tokyo listed telecommunications, technology, and investment giant. The Japanese multinational has invested into several major players in the region, including Grab.
This deal follows close on the heels of the Bambu series A round, led by US investment firm Franklin Templeton. It is great to see Southeast Asia attracting more and more attention from large overseas investors.
Antworks intends to use the series A funds for R&D, marketing, and sales, as it expands into new markets and builds up its technology product portfolio. The company and Softbank have also announced a commercial partnership and will work together to maximise the enterprise AI opportunities across Southeast Asia.
We were delighted to hear that co-founder, Asheesh Mehra, originally contacted us after a Google search for information on term sheets and series A deals that led to the Simmonds Stewart website, which was full of relevant material.
by chris wilson, 3 August 2018