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Startups AdAsia, 99.co raise US$20m in Series A funding

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"We believe that the market size is in the billions. In five years' time, we hope to be a unicorn," said 99.co's Mr Cheung.

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"AI and machine learning will provide an added layer on top of our current product lineup," said AdAsia's Mr Sogo.

Singapore

TWO Singapore-based companies announced this week that they have raised nearly US$20 million in Series A funding, a sign that investors are reverting to making huge bets on early-stage startups.

The first is property search portal 99.co. The Business Times has learnt that

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