Company Name : Appier
Funding Amount : $ 23 million
Investor(s) UOB Venture Management Pte Ltd, Sequoia India, JAFCO Asia. TransLink Capital, MediaTek Ventures
Funding Round : Series B
Artificial intelligence company, Appier has announced that it has closed $ 23 million in Series B funding from UOB Venture Management Pte Ltd (UOBVM), Sequoia India, JAFCO Asia, TransLink Capital, and MediaTek Ventures.
The company will use the funding to further expand in Asia and strengthen the research and development team behind its cross screen AI technology. In total, Appier has raised US $30 million.
Seah Kian Wee, Managing Director of UOBVM, which focuses on private equity investments in Southeast Asia and China, said, “With research showing Asia’s lead in digital innovation and the dynamism of Asian consumers’ behaviour in their use of multiple electronic devices, there is huge potential for the mass adoption of cross screen technology here. Appier has a strategic advantage with its early investment in the region, especially in Southeast Asia.”
Appier started three years ago and has seen strong growth: over 300% in the past year, and 600% since the Series A round in June of 2014.