Trax raises US$100m to expand in China, globally

Singapore

TRAX, a GIC-backed startup providing computer vision and in-store analytics for the retail industry, has joined Singapore's unicorn stable after closing a US$100 million investment to expand its footprint in China and globally.

The Series D round was led by Hopu Investments, an alternative asset manager in Asia focusing on the consumer and technology sectors, Trax said in a statement on Tuesday. JPMorgan advised Trax on the round.