Taiwan-based AI agency Appier raises $80 million


SHANGHAI (Information) – Taiwan-based synthetic intelligence (AI) start-up Appier stated on Tuesday that it has raised $80 million in its newest spherical of funding, a sequence D spherical, from traders together with TGVest Capital and Hopu Investments.

That brings the entire quantity raised by Appier to $162 million, the corporate stated, including that different traders within the spherical had been Temasek Holding’s Pavilion Capital, Insignia Enterprise Companions, JAFCO Funding and UMC Capital.

Based in 2012, the corporate has additionally obtained funding from Sequoia Capital, Softbank Group Corp and messaging app Line, making it one of many few Taiwan-based companies to obtain substantial funding from world funds. Appier’s platform helps firms use synthetic intelligence to make advertising and marketing selections

Though Taiwan is a crucial a part of the worldwide know-how provide chain for hardware manufacturing, the island has seen restricted fundraising go into tech entrepreneurship.

Reporting by Brenda Goh; Modifying by Shri Navaratnam